RAVE-ing On A Buyback With 24% ROI
The Company Clarified the Buyback and Mitigated the Risks I Saw Earlier
In my last article on Rave Restaurant Group, I stated that I contacted the company regarding an ambiguous statement regarding what I consider to be a share repurchase.
In this post, I provide an estimate of the ROI of the share repurchases based on the current share price and estimates of administrative cost savings. the savings estimate stems from Perplexity.AI, so take it with a grain of salt. However, the requirement to break-even on the repurchase costs are very low.