They could undertake similar size buybacks each year and not even touch the existing cash balance since it is within annual earnings amount.
Makes a lot more sense as a routine capital investment strategy (which sees a compounding benefit in terms of EPS growth) rather than a one-off (which is a nice signal to the market that the SP is undervalued, but not much else).
A2M Price at posting:
$6.85 Sentiment: Hold Disclosure: Held
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