Re: Investor Day - Run up - Not
"not one insidere willing to spend a dime of their own money on this at $1 and change"
This is what really blows my mind. It wasn't that long ago that the company announced a $1.5B buyback program and executed a portion of it above $6. Now a few months later not a whole lot has changed, Q1 seemed to at the very least meet expectations and the turnaround plan seems to be yielding some promising initial results.
The stock is 70% below where the last buyback was deemed good value, yet not a single insider sees enough value to buy even a small stake as a show of confidence. It blows my mind. June 5 better clearly and directly address the shareholder base.