buyback is useless in this market, would be a total waste of...

buyback is useless in this market, would be a total waste of cash and gobbled up by hedgies with no improvement in sp!!! The market is bigger and has deeper pockets than ozl bank account.

What the cash is best used for is strategic aquisitions that will add value and income to ozl bottom line. Many bargains are being created out there at the moment, ozl is just waiting to pounce imho.

It is hard to see sp pummelled for whatever reason, but until the market sees logic and reason, there is not much except grin and bear it.
cheers

Steve