A buy back is only as good as the company’s commitment to spending cash.
Too often, companies announce a buyback, the punters get excited, but then they don’t purchase enough stock to materially raise the share price. I.e. it becomes an ineffective window-dressing exercise.
Let’s see whether they do a proper buyback or a Clayton’s buyback.
But if they are going to do it properly, why not just announce a small dividend instead?
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Last
1.1¢ |
Change
-0.001(4.55%) |
Mkt cap ! $50.11M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.0¢ | $23.05K | 2.183M |
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---|---|---|
44 | 25833994 | 1.0¢ |
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Price($) | Vol. | No. |
---|---|---|
1.1¢ | 54460586 | 48 |
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