News: CDD Cardno Sees Fy21 EBITDA In Range Of $40 Million To $45 Million, page-33

Your perspective is valid - I note that in the 5 years since Crescent planned this out on a wall they have consistently bought back shares. At much higher prices than the purchases yesterday I think they are continuing to accumulate.

Perhaps tax losses - I would speculate we saw them accumulate 10% in a day and perhaps more.

Smart operators yes - from another perspective money hungry c*s, they also have no idea about how to operate and engineering consultancy. The particularly stupid idea was to go against the advice of people actually doing the work and dropping small projects to focus on large wins.

Bean counters and sharp operators is what Crescent are - some find that aspirational I consider it pathetic, money isn't everything once you have enough it isn't even important. If all you have is the ability to force people to do what you say you are a truly weak person.