Mar. 3 at 9:49 PM
$WETH Management and the Board have effectively been on vacation when it comes to taking actions to enhance shareholder value. With the stock trading at roughly an 85% discount to cash per share, the failure to execute a buyback is indefensible, especially given the combination of cash per share and the value of the operating business. At this point, leadership is running out of time as the share price remains at an absurdly low level relative to the company’s underlying assets.