bellcurve, AZZ sold some assets and used its funds to buy back some of its shares, in a certain way provide support for the SP.It found its shares has better value, so I cannot argue that they are on the right path.I was proposing some sort of buy back for AOK if we have the funds to do it and rely on external borrowing as our cash flow should be more than enough to service the borrowing.Each time we have more placement, we are effectively diluting our capital.Now everytime we have a new player on the block, our SP is capped.We have backed the company but we have not been rewarded as we see the new comers rip what they could and leave.
AOK Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
