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Re: ProfitScout post# 383

Thursday, 02/27/2020 1:32:21 PM

Thursday, February 27, 2020 1:32:21 PM

Post# of 1673
The announcement from GEIN management this week about their new program to repurchase company stock illustrates high confidence in both the success of the company's business plans for 2020 and appreciation of the stock value. The only reason to repurchase shares like this is because they are going to be worth more in the future.

From the news:

Under the stock repurchase program, the Company intends to repurchase shares through open market purchases, privately-negotiated transactions, block purchases or otherwise in accordance with applicable federal securities laws, including Rule 10b-18 of the Exchange Act.