May. 8 at 12:41 PM
$MKTW — not sure how the market will take these numbers.
The current quarter is solid, but their full-year guide, while appreciated, suggests we may have already seen peak bookings.
Then there’s the buyback.
$50 million authorized a few months ago, and they bought back just
$200K last quarter—about 0.4% of the authorization.
It looked like window dressing from the start, especially after the 1-for-20 reverse split that killed float liquidity.
With only a couple million shares publicly available, I don’t see how any institution can take a real position here.
That said, the business is generating cash and paying a healthy dividend.
It’s cheap. It’s profitable. But structurally, it feels boxed in.
