Buyback optics is a good look for KAR. With inflation driven interest rates: a) debt lessens an equity's "safety" for some; b) it demonstrates KAR's solid balance sheet, "comfort" for some (me). However, I believe a divvy in hand is worth two buybacks in the bush.
Concerning KAR's possible breakout (CEOChair's thought) one thing to consider -- out of KAR's control -- is the POO. To wit this chart:Gold’s Message For Crude Oil
https://www.mcoscillator.com/learning_center/weekly_chart/golds_message_for_crude_oil/
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Buyback optics is a good look for KAR. With inflation driven...
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Last
$1.38 |
Change
-0.025(1.79%) |
Mkt cap ! $1.071B | |||
| Open | High | Low | Value | Volume |
| $1.39 | $1.39 | $1.36 | $4.410M | 3.213M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 27559 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 21371 | 3 |
View Market Depth
| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| KAR (ASX) Chart |