not true.... share buy back is where the buy back is the most profitable use of the money; and the company has a duty of care to care about the share price because the OWNERS (that is, me and you and others) will get the most profit from this (in this current scenario)
here is what is going to happen if management do NOTHING to support the share price in the conster world we live in; somebody will come along, say Hologic, and offer a 100% premium to buy the entire company (at 7 cents); now Hologic will actually be buying its OWN cash back and get ownership of the company (and our shares for FREEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE)
the other alternative is a private equity company will buy it up, and privatise it as a juice price (they will say) of 6 cents or so
management have tools to support the share price; the question is: why does OUR management not do anything to look after the OWNERS
LDX Price at posting:
3.7¢ Sentiment: Buy Disclosure: 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)