Ascena Retail Group Inc fka ASNAQ

[RyGuy]

Decided to add more.....


Per the Ascena 10Q filed on 12/10/19

14. Equity

Common Stock Repurchase Program

In December 2015, the Company’s Board of Directors authorized a $200 million share repurchase program (the “2016 Stock Repurchase Program”). There were no repurchases of common stock by the Company during the three months ended November 2, 2019 and the remaining availability was approximately $181.4 million at November 2, 2019.

The entire market cap of Ascena Retail Group is $44 Million right now.

At end of last Quarter Ascena reported $261 Million in cash. When else would you get the unheard-of opportunity to reduce the O/S of a Fortune 500 company by potentially 25% or more for less than $10 Million. Heck Dress Barn was losing nearly $2 Million a week.