Mar. 14 at 2:35 PM
$NXGL Really key from the Breakout call. Often gets overlooked, but Adam clearly thinks the stock is super cheap too. He made a specific point to say that the immediate profitability from this acquisition will allow the Nexgel team to "play defense" against the stock pressure from the past 12 months.
Pretty obvious that he is talking about using some of that positive cash flow to buy back shares. So not only are these assets going to be accretive, but buybacks will help offset at least some of the recent share issuances going forward.
Abbvie situation has been frustrating for all of us, but I am feeling really good about where Adam is steering this ship. Bought an additional 10k shares this week and will probably buy another 10k shares throughout the next two weeks. Goal is to settle around 60k shares.
