Aug. 17 at 3:52 PM
$ROOT
Well it’s a good thing the buyback program can buy back close to 10% of quarterly volume. If the stock plateaus on revenue and net income continues to be high due to disciplined spending, it trades at a PE ratio of 6-7 with CURRENT share count. If they increase buyback by
$75 million (which they would be able to do at end of this quarter and still have the same assets on hand as when they started the first
$75 million), could see the float dip to under 13 million shares