I agree that some of their cash should be used to buy back shares. Closing the gap between market price and nta would be better than a one off distribution imo. And it just makes sense to buy below nta when such a large part of that NTA is cash backed. The rest should go into new / follow on investments, while always having a buffer.
BTI Price at posting:
$1.38 Sentiment: Hold Disclosure: Held
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