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Friday, July 31, 2020 1:27:02 AM
The most optimistic theory is that they tried to do as much repurchasing as possible during the month of July, and have the spigot wide open down the home stretch. As noted elsewhere, lots of ifs in this scenario and we don’t know how many new shares hit since 7/1.
Whatever the ultimate intentions of BBRW mgmt, they released a PR on the last day of the month in June (the 6/30 repurchase authorization announcement). Don’t be surprised if they practice similar timing again.
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