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Re: acrazjo post# 76140

Wednesday, 03/23/2011 10:42:47 PM

Wednesday, March 23, 2011 10:42:47 PM

Post# of 94785
LIWA share buyback is encouraging, but it's important to keep it in perspective. There are roughly 30M shares outstanding and so far they have purchased back 55k or less than 0.2% .... to this point it's more symbolic than meaningful, but one has to at least give them credit for buying a few shares back. Hopefully it will continue.

ZSTN has also bought back some shares .... about 25k of the roughly 11.7M outstanding or just over 0.2%, so also just symbolic. Since the November repurchases they announced a $50M shelf offering, so one has to question whether the buyback was mere window dressing for a much larger offering of shares. haha.
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