Yes I don't want MLX buying 200k shares a day. Tin price has been increasing strongly and this will flow through into cash flow the next couple of quarters. Likely price increases as the profits increase so why buy piddly amounts now. On a big down day they should buy a million or two. Better that than the share price gets rerated and goes to mid 40's or fifty and the buyback then becomes far less valuable.
MLX Price at posting:
33.5¢ Sentiment: Buy Disclosure: Held
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