I agree Dennis. I think, in this particular circumstance, Creative needs to buy the stock up to c. twenty-two, or until the 9.3 million shares are purchased. It's a valuation appraisal, not a game to acquire cheap shares or discover how the market will respond to them claiming they have a new self-image. I sold my shares because my investor instincts say something here is not right.
CREAF may realize they are not building investor confidence with this method of buy-back, and change the pattern. I hope they do. If the shares are available under 22, buy them. Period. I know this approach is not what some would see as strategic or reasonable, but I keep coming back to valuation. If CREAF isn't buying these shares up toot-sweet, why the heck would I???
It feels like they are faking. And if I even remotely feel that sensation, I know others feel it too, and will not buy shares. This then extends by automatic default to my choice too.
There is a definite sensation of risk here, big risk, and money will go elsewhere. If their best season is approaching, a new era building, and it won't exceed valuations of 18.00,,,,, HELLO! Yoo hoo!
Excuse my sarcasm, but I've been looking at this carefully, with these SI and the Yahoo comments, and the chart and volume ticks, and the logic simply keeps coming back to that.
Get it bought, Creative, or get off the pot. Friendly advice, honest. |
