BB's Stock Haven

[EDWARD STEVENSON]

Re: APT $2M stock buyback

That statement is taken directly from their fourth quarter and year-end 2009 financial statement, where they reported 67% year-over-year growth; a 1099% jump in earnings for the fourth quarter 2009 compared to the same period in 2008.

"Worth radaring, but see no buying pressure by the company on the chart. "

It would appear oddly parallel to the pinksheet companies you're used to hearing from about "buybacks" if buying pressure by the company was evident. The company reported that "During the year ended December 31, 2009, [they] repurchased 1,554,900 shares of common stock at a cost of $2.1 million".

Notice that their buyback expenditure for 2010 is $2.9M, based on $0.9M they had left over from 2009 and the additional $2M authorized by the BOD afterwards:

"As of December 31, 2009, we had $0.9 million available for additional stock purchases under our stock repurchase program."