very nice post (but I am baised as a $TIGR bagholder)
Two minor points:
1) IBKR also bought a big stake in TIGR many years ago
2) TIGR actually did buybacks once a few years back
I appreciate needing a warchest in this business but when you are earning $1 to $1.20 per share, have $3 of net cash and are trading at $7 not even having the option of doing a buyback is starting to get pretty silly
Appreciate that! Thanks for your great points too.
I fully agree, with the given cash position I really think they need to show the market exactly what they plan to do with it, and of course at these prices, even a $100M buyback would help the stock price out, and the company.
Q4 earnings call should give some colour on their direction, I hope. If they plan to invest fully in their pivot/new business areas/do acquisitions/partnerships, I think that is better than buybacks, but if not, then yes buybacks make perfect sense.
very nice post (but I am baised as a $TIGR bagholder)
Two minor points:
1) IBKR also bought a big stake in TIGR many years ago
2) TIGR actually did buybacks once a few years back
I appreciate needing a warchest in this business but when you are earning $1 to $1.20 per share, have $3 of net cash and are trading at $7 not even having the option of doing a buyback is starting to get pretty silly
5-7x PE multiple
4x EPS to EV multiple
Appreciate that! Thanks for your great points too.
I fully agree, with the given cash position I really think they need to show the market exactly what they plan to do with it, and of course at these prices, even a $100M buyback would help the stock price out, and the company.
Q4 earnings call should give some colour on their direction, I hope. If they plan to invest fully in their pivot/new business areas/do acquisitions/partnerships, I think that is better than buybacks, but if not, then yes buybacks make perfect sense.