Every $1 the stock drops now is $138,000 loss for BMc. If there is a weak Q2 (and I think it will be) I could foresee it falling another $5-7/sh before end of Q3. That is half the value it was just 9 months ago. Under the Accelerated Share Repurchase plan, CDK will purchase another $500M of stock this fiscal year. I don't know who is going to loan them the $$. With $950 loan about to come due and unfavorable lawsuits pending, the new CFO will start Q3 treading water. Entering a Bear market with no cash on hand is going to be a tough calendar year 2019. Probably another round of layoffs after the holidays.
I reposted this from @WwdtUFz-9haw for being on point.