Share
6,083 Posts.
lightbulb Created with Sketch. 191
clock Created with Sketch.
06/02/20
20:07
Share
Originally posted by mike31993:
↑
The Board has determined that an on-market buyback is an appropriate capital management tool given the strength in the Company’s balance sheet and anticipated positive future earnings generation. Isnt this interesting lol. this is what i have been saying because the 32 mill in ebitda does not restructuring charges, as a results earnings could be significantly higher. also this tells me that a majority of parables are infact unearned revenue, other wise why would they do buy backs and say their balance sheet is strong.
Expand
Able to provide any clarity here mike. To announce a $10m buyback from cash reserves and earnings generation along with maintaining the dividend definitely seems out of leftfield here.