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To: MCsweet who wrote (24956)10/10/2006 3:16:48 PM
From: Carl Worth  Read Replies (2) | Respond to of 78750
 
it's true that a buyback is accretive, but i don't think it will do much for the stock price

there isn't much of a float as it is, and the stock is already trading well below book, so reducing the float further while simply improving the price/book ratio isn't likely to attract new buyers

paying a dividend at least has the potential to attract new investors, who might be willing to hold the stock for the dividend, while waiting for an eventual capital gain

JMHO of course



To: MCsweet who wrote (24956)6/25/2007 11:54:07 AM
From: MCsweet  Respond to of 78750
 
Paul,

Thank you for the reminder last year on WNMLA, as well as one earlier this year. I received a shareholder letter over the weekend about the company buying back stock.

They have 500k shares to buy back and seem to be having trouble finding sellers.

I think selling into the buyback is good idea, just not sure when. It looks to be in the early stages now unless they consider canceling.

MC


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