No way of telling what the strategy is. To get 90mn done in 250 trading days you would need to average 360k shares a day. Maybe the plan is to be more aggressive sub 35c and less aggressive above. That would make sense. Or maybe they don't really aim for 90mn at all. The authorization is for "up to" that amount. No obligation to actually fulfill it. But it would cause unnecessary disappointment to fall too far behind guidance. Let's see. In any case, I'm already ecstatic that we have a buyback in place . It's early days ...
MLX Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held
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. It's early days ...
(20min delay)