Navigating Deep Value Microcaps and Altisource Asset Management (Ticker: AAMC) with Jeff Moore
Chit Chat Stocks
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Is the Company in the Market Buying Right Now?
I'm guessing they've got probably $65 million in loans that are unencumbered by a warehouse facility or credit line. They can probably swap out some of those on one of their credit lines and get some cash out to buy back a significant amount of stock. I would think that they've got some cash laying around, you know, $5 million, $10 million. If he could buy the stock back on the cheap, he's making it more money for the company because earnings per share numbers can go up as the share account goes down. But also, if he can buy stock at, say, $20 or $25, he gets a third of that. And the stock
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