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Re: LeDoux mentioned acquisition during the last PR...It would be silly in my opinion to use the stock to make an acquisition unless the stock is way overvalued. For example, if it were $50/share right now then sure use it to buy something. Even if it were $25 I would be against using the stock as currency since that is only a fair value. Further, the company has way way way too much cash. What good is it doing for anyone? It is an absolute waste for it to be sitting there earning nothing and doing nothing. They should either start paying a significant regular dividend or buy back AND RETIRE half the outstanding shares. |
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