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Tuesday, April 20, 2010 9:35:07 PM
$2M Stock Buyback Program approved by Alpha Pro Tech Ltd. Board of Directors.
"As of December 31, 2009, we had $0.9 million available for additional stock purchases under our stock repurchase program. During the year ended December 31, 2009, we repurchased 1,554,900 shares of common stock at a cost of $2.1 million. As of December 31, 2009, we had repurchased a total of 6,193,800 shares of common stock at a cost of $7.7 million through our repurchase program. Subsequent to our 2009 year end, the Board of Directors authorized an additional $2.0 million of stock repurchases under our stock repurchase program. We retire all shares of stock that are repurchased. Future repurchases are expected to be funded from cash on hand and cash flows from operations."
Source: http://finance.yahoo.com/news/Alpha-Pro-Tech-Ltd-Announces-bw-1108127399.html?x=0&.v=1
With insiders controlling 21% of the total issued and outstanding shares there are approximately 17M shares floating. Add a 25.4% stake that institutions have in this company and the 'true' float is about 12M shares.
"As of December 31, 2009, we had $0.9 million available for additional stock purchases under our stock repurchase program. During the year ended December 31, 2009, we repurchased 1,554,900 shares of common stock at a cost of $2.1 million. As of December 31, 2009, we had repurchased a total of 6,193,800 shares of common stock at a cost of $7.7 million through our repurchase program. Subsequent to our 2009 year end, the Board of Directors authorized an additional $2.0 million of stock repurchases under our stock repurchase program. We retire all shares of stock that are repurchased. Future repurchases are expected to be funded from cash on hand and cash flows from operations."
Source: http://finance.yahoo.com/news/Alpha-Pro-Tech-Ltd-Announces-bw-1108127399.html?x=0&.v=1
With insiders controlling 21% of the total issued and outstanding shares there are approximately 17M shares floating. Add a 25.4% stake that institutions have in this company and the 'true' float is about 12M shares.
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