REX American Resources (REX)

[value1008]

In the CC, my question was asked by someone and fully answered about why REX wasn't buying more shares-- it's because they themselves were also bidding on buying out the Patriot plant....

Here's CEO Stuart Rose's reply to the Q:

Q: I guess I’m really surprised that you guys weren’t more aggressive in buying shares back, I mean, I guess could you help me understand?

Stuart Rose - Chairman and Chief Executive Officer
It was ... because we’re bidding on Patriot at that time and could very well have had to write – [...] close to $200 million on that and we were prepared to write a $200 million check, but we had to be able to have the ability to close quickly.....