While I'm still not thrilled with this co's management, I have to admit I like the decision.

1. The $4 million buyback at current price is about a million shares, which for this thinly traded company is significant. Hopefully that alone should pop us up to the $5.50 buyout price offer.

2. With a book value in the $9's, I think it would have been criminal to sell in the $5's.