CDC Corporation (CHINA)

[florida135]

Like many stocks, when people start to sell they're almost always "oversold" This stock is very cheap right now, and the following press release is their ace in the hole, in my opinion. Florida CDC Corp and Exec establishing new 10b5-1 trading program to continue share repurchases; China.com is seeking to purchase $10.0 mln of co's sharesFont size: A | A | A7:34 AM ET 4/29/08 | Briefing.com
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4:00 PM ET 5/22/08
Symbol Last % Chg
CHINA 3.37 0.00%
Real time quote.

Co announces that the co and its subsidiaries purchased a total of approximately 3.0 mln shares during 2007 at an average price of approximately $6.31 per share. After accounting for these and other previous purchases, the company has approximately $8.5 mln remaining in its $60.0 mln share repurchase plan. Also during 2007, directors and officers purchased a net amount of approximately 1.8 mln shares. During Q4 2007 and Q1 2008, directors and officers purchased a net amount of approximately 742,137 shares, and the company and its subsidiaries purchased approximately 426,000 shares at an average price of approximately $5.98.