Prudent financial management in my opinion. As I have previously stated with coal markets where they are the money they are spending on buy back can be used elsewhere. Let's face it the last 3 days they could've purchased more shares than previous days. Why stop????? Spend the money or leave the money where it will give you a better return. One is to leave it in an interest bearing account @5% which they would no doubt have. There's no capital growth you are missing out on right now so it's the best way to go in my opinion. Every share they purchase in a bear market they are losing money and who knows for how long. Buy backs should theoretically help the share price move north. I do believe it will be pretty hard for WHC will make a profit this half for reasons stated by some members here. Theseare just my thoughts and opinions. Don't want to piss anyone off. I'd love to hear what others think about WHC not buying in the last 3 days.
WHC Price at posting:
$4.67 Sentiment: None Disclosure: Not Held
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