It can still buy back 19 million VRLPA. They have bought back...

It can still buy back 19 million VRLPA. They have bought back all the VRL they set out to.

Any more thoughts on the price target re: end of buy back period?

Clearly by the fact the they have so easily bought back over 30 million shares, a lot of this was pre arranged.

I still believe VRL are a long term buy however I think there is some short term downside (buying opportunities) in the next few weeks.

Most of us were expecting the shares to fly past $2. Even though a div has been declared, they are still not meeting our expectations.

As the buyback draws closer to an end, there will be more desperate sellers which I believe will force the share price down once they have bought back all the prefs.

Thoughts?