Metlifecare considering buyback to lift share price

Metlifecare considering buyback to lift share price
Paul McBeth
By Paul McBeth Oct. 18 (BusinessDesk) - Metlifecare is considering ways to boost the share price, including a potential buyback, says chairman Kim Ellis.  The shares recently traded at $5.98, down from a peak of $6.51 in September, and a sizeable discount to their net asset value of $6.93. Ellis told shareholders at today's annual meeting that the board has a strong belief in the long-term value of Metlifecare's portfolio and land bank, and the discount has been an ongoing frustration. The board is considering ways to bridge that gap a...