Elite Pharmaceuticals Inc (ELTP): The one thing that stood out for me on t...

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Re: IB_ post# 385132

Friday, 08/18/2023 12:02:25 PM

Friday, August 18, 2023 12:02:25 PM

The one thing that stood out for me on the call was his tone towards a stock repurchase. I wanted a $1M initial repurchase to help clean up excess float. Normally repurchase programs are multi-year deals. I think this is where his mind is going. Prasco AG wasn’t in the works previously and that cash flow generation will be a nice tailwind for both R&D and a nominal buyback.

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Recent ELTP News

Form 8-K - Current report • Edgar (US Regulatory) • 08/27/2024 08:30:16 PM
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