Financial PerformanceTBCH entered into a new $150M credit line agreement with a lower cost of capital than prior agreements, leading to strong positive free cash flow without requiring additional capital.
Market ValuationShares appear significantly oversold, and with TBCH trading at a lower multiple compared to peers, the Buy rating is reiterated, reflecting a potential value opportunity.
Stock RepurchaseTBCH has repurchased $5.0M of common stock under its new $75M stock repurchase program, with expectations to continue repurchases at attractive levels.