Emerging Markets Report: Not Much Better Than a Buy Back
Better Choice Company (BTTR) has announced a share repurchase program authorized by its Board of Directors, allowing for up to $2 million in stock buybacks. This initiative reflects the company's confidence in its business prospects amidst a booming pet supply and wellness market, projected to reach $202.6 billion by 2025. The repurchases will take place in the open market, potentially attracting new investors. This bold move stands out, as company management is reinvesting in their own future, indicating strong belief in the company's potential.
- Authorized share repurchase of up to $2 million.
- Reflects management's confidence in future growth.
- Potential to attract new investors through open market purchases.
- None.
An Emerging Markets Sponsored Commentary
ORLANDO, Fla., March 01, 2021 (GLOBE NEWSWIRE) -- Since our writers and editors are always in search of trend (not fad) stories and potentially market disruptive changes in society, we’re obviously fans of the pet supply, health and wellness space, which has exploded during this COVID year.
Apparently, the management of health and wellness company Better Choice Company (OTCQX: BTTR) is as well, having bet on themselves and the Company’s future vis-à-vis a bold buy back announcement of the Company’s shares.
The details are important. Let’s take a look at some points that stand out to us, but before we do, please make sure to read the full release for all the details. This is just an excerpt.
Here goes:
- The Company’s Board of Directors has authorized repurchases of up to
$2,000,000 in shares. - At today’s price that is a significant purchase or practically speaking, really presents a potentially enormous ‘new’ investor into the equity.
- Purchase can be made in the open market, which is again worth noting.
But for all this what is remarkable to us is that it is the Company betting on its own future. The people who know this business best find it investable and are intent on putting their own revenue back into the deal.
To say that is an infrequent event in the market, and this strata of the market, is an understatement but completely understandable given reports like these below:
Pet Care Market Size Worth
https://www.grandviewresearch.com/press-release/global-pet-care-market
Global Pet Care Market Is Expected to Reach USD 358.62 billion by 2027 : Fior Markets
Forbes: Pet Care In A Post-Pandemic World
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Must Read OTC Markets/SEC policy on stock promotion and investor protection
- https://www.otcmarkets.com/learn/policy-on-stock-promotion
- https://www.otcmarkets.com/learn/investor-protection
- https://www.sec.gov/news/press-release/2017-79
- https://www.sec.gov/oiea/investor-alerts-bulletins/ia_promotions.html
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FAQ
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