I see the buyback is really kicking in again and pushing the share price back up from the announcement.
I wonder why they do the buyback when guidance is lower. Shouldn't they use the cash to generate other areas for growth instead of sacking workers and buying back stock? I see it as a negative when companies sack people as it means they are running out of ideas.
On the other hand I noticed Lantheus bought a company that is working on a imaging product for cognitive decline called MK-2640 Although not directly competing but I think it's still potentially disruptive to CGS? Although not a big revenue earner for Lantheus yet they must still see potential in this otherwise why did they acquire?
Posting here to get some thoughts.
CGS Price at posting:
$1.69 Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)