Silver Bay (NYSE:SBY) adds 2.5M shares to its repurchase program (good for 6.6% of the float). The company in Q3 repurchased 743.5K shares and reported an estimated NAV of $19.97 per share, putting today's close of $16.26 at a near- 20% discount to that value.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.