Subject: Re: Charts and predictions
So, we’ll wait until November 15 to see “what they did”.

Indeed. But still, I doubt (and hope) they are not buying today.

There does seem to be a correlation between valuation multiples and quantity of shares repurchased. It's very rough and ready, but if you fit a straight line through the observations and squint a bit, you get a "no buybacks" point around 1.5 times book.

Jim