PLUS having a good day! Seems to have a tightly held float. Today's news on Homeland security must of brought extra attention to the company. Here's a repost from the yahoo board reguarding their share buyback program....
A Year Ago This Month...
January 1, 2004 through January 31, 2004, ePlus bought back 187,500 shares at an average of $14.06 per share!
Between Feb & March of '04, 174,000 shares were repurchased at an average of $13.65 a share.
39,000 shares were repurchased in April.
In May they increased the cumulative purchase maximum amount from $7,500,000 to $12,000,000.
And on Nov 18, 2004, ePlus announced another stock repurchasing program.
One of the strongest share buyback programs I've ever seen. The float is shrinking and so are the shares outstanding.
Shares outstanding now = below 9M.
BTW, approx. 2M shares have been bought back since Sept, '01. That equals out to almost 20% of total shares outstanding.
The information posted by 2morrowsGains is opinion only and should not to be taken as investment advice.
