Bottom line. The share buy back programme in that it takes out stock well below intrinsic value offers a great value creation opportunity for long term holders. I have used the drop to add to my position
Sorry. There seem to be some technical gremlins...
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Bowman. I couldn't agree more that the drop is overdone and has opened up a significant delta between price and intrinsic value. In today's "rich" market there are few companies that offer such a compelling mix of valuation metrics. Based on 2016 historic financials CCT is trading at c. 4x EBITDA,
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