The buy back is a smart move
The T/O bid was low and opportunistic given the 2015 results and 16/17 outlook
If the board are the ones controlling the purse strings, and they consider $1.35 too lowball then it gives you some indication of where it can rerate to
Little hard for them to achieve minimum 50% acceptance when there is another party aggressively buying in market
Anyone think this could see $1.35+ ?
BRS 1H16 shoots the lights out, page-3
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