defplayer the rules to buy back is such that the company do not manipulate share price. All the companies that I have owned and that have bought back shares has had little effect on the price during and in the short term. The main idea I think is to consolidate. Less shares and share holders, means when economy picks up, there would be less shares holders to pay dividend too = more? and less shares on market for buyers to chase = faster and firmer rise If a company has surplus cash, what can they do with it? They could distribute to us, but that would weaken company. I believe a solid, compact, progressive MCR will have a stronger future.
MCR Price at posting:
68.5¢ Sentiment: Buy Disclosure: Held
