invbond
$SRXH IMO, SRXH could complete the buyback ( up to 10m shares ) while preserving nearly 30% of its $20M allocation! 😉
Imagine repurchasing 9.5M shares at an average $1.50, costing $14.25M, leaving $5.75M unspent!
Using the previously reported ~$62.9M NAV:
- Outstanding Shares: 19.5M ~~> 10M, a 48.7% reduction!
- NAV/share: ~$3.23 ~~> ~$4.87, approximately 51% accretion!
- Balance sheet: $14.25M less cash, with $5.75M of buyback capacity preserved.
- EPS: Potentially stronger with fewer shares, assuming positive earnings.
Thanks to the naysayers and panic sellers for the potential discount! 😉
We will be over NAV shortly.
Have a great weekend! 🚀
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