Yet another buyback report to bring a yawn, and toss into the...

Yet another buyback report to bring a yawn, and toss into the sewer. I think we are headed back below 13 cents now. Add a botched buyback to the growing list of management self goals. While BRL is now about to go to zero returns for 2019, SMR is +22% so far. We all bet on the worst possible horse/management.

Even worse is the possibility that this company is simply not generating the cash flow that we assume they should be accumulating by now. Perhaps that is why that 7% shareholder bolted...they know something we don't.

I would not put it past this incompetent management to screw it up a new way. They sure showed us how to effortlessly lose untold millions with their foolish and totally unneeded "hedging" policies. Who knows what else is stored up? The last 6 months were a shocker when it came to cash flow reporting, never mind any hopes of free cash flow. I am braced for impact when the next quarterly report comes out.