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Strategies & Market Trends : Burryology -- Ignore unavailable to you. Want to Upgrade?

To: Harshu Vyas who wrote (33)	5/26/2024 10:49:17 AM
From: Sean Collett	Respond to of 39

I noticed. Looks like some roadkill because of the revenue BUT with the buybacks that makes up for some of it since they're returning value to shareholders. They have $39MM left on the current authorization which at the current price could still retire 10.7% of the outstanding shares. Coliseum Capital just picked up an additional 105,000 shares a few days ago as well which is a decent vote of confidence. They own a total of 2,622,736 shares of the company. In fact Coliseum has been on a buying spree with them for a few months in 2024. The important thing is to adjust quickly if it goes south, but support looks to be developing and with the strong balance sheet + buyback that gives some wiggle as top-line takes hits. -Sean