If you asked Elaine Darby - the CEO, for a valuation of her...

If you asked Elaine Darby - the CEO, for a valuation of her company (she wouldn't give you one) but I'm sure she'd be thinking it's not worth what it is today. Management may even actually be waiting for the share price to drop back significantly before they make an announcement so that the company has a market cap that better reflects it's true value. I actually think this could be a smart move by management if it pans out that way. Even guys like Warren Buffett have told his shareholders at annual Berkshire Hathaway meetings that he thinks his stocks are overvalued.