I agree the buy back is being conducted at levels below its value and ticks that box. However I think that part of the lack of demand for the stock is due to the liquidity issues. If you go back a number of years it did have good liquidity at one point. I guess we can just hope liquidity will come , possibly around the $2.50 to $3.00 level. The business performance as you point out is the first priority , value will follow eventually . My prediction is the catalyst will be when management step up the dividends substantially in a yield hungry environment
FID Price at posting:
$1.86 Sentiment: Buy Disclosure: Held
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