Feb. 3 at 1:17 PM
$JVA the company has conducted stock buybacks in the past. They are effective. Very effective. They are the fastest way to enhance shareholder value. They instill confidence and increase eps. They also create demand for the shares. For example, a
$1 million commitment could reduce the number of shares outstanding by nearly 6% from 5,700,000 to 5,360,000. It is akin to buying one-dollar bills for 50 cents each when considering shareholder's equity is nearly
$29 million vs a current market cap of
$16.78 million.
