Time will tell. Every cent of a buy back was a 110% waste its like the money just disappeared over night. For negative return.i dont mind them drilling. They could have spent all that buy back money on blue chip dividend paying stock at least thst would get a decent return and dividends losts of costs . Could have got stock in the company that purchased the oil project. Could have done lots of things not all of the 300 million spent was wasted. But no return on investment anyway.
But clearly the company is not showing any value off the oil assets ,barely valued on its cash in that bank. Stock that a so undervaled like that shareholders clearly have issues with the board
KAR Price at posting:
$1.16 Sentiment: Hold Disclosure: Held
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