BapoRothstein
I hope the company bought back some stock and continues to do so in a meaningful amount. One thing to say that acquisition target prices are still too rich to be attractive bolt-on growth investments. It’s a whole other thing to say, through inaction or immaterial amount, that shares of $SGHC at current prices are still too rich for management to consider buybacks the best available use of the company’s investment capital. If this company, with all its cash and balance sheet strength, won’t meaningfully buyback its own shares at current market prices, I’d like hear management explain why during the next earnings conference call. If its float-related, then I expect to hear that action is being taken to address the float issue so that going forward the company is able to freely and opportunistically buck back stock in a meaningful amount subject to the CEO’s best business judgment at the time. My long term investment bullish vision is that this company becomes a buyback machine.
5
