This would have to be the dumbest thing I've ever read. If...

This would have to be the dumbest thing I've ever read. If you would like some coaching on investing, let me know and I'm happy to chat over a coffee.

Buying back as many shares at a price under intrinsic value is a great capital allocation strategy that increases shareholder wealth. Invest your money and time in a book called 'The Outsiders' by Thorndike.

I believe the business is below it's intrinsic value, so they should be buying as many shares at these prices to maximise the reduction in the share count. The less shares on issue, the bigger the proportion of free cash I get every year.