Good posts today gang. And yes, it is holding up well when most of the other issues are getting bashed. As far as a share buyback goes, it is quite standard for companies to announce authorization to purchase "up to" a certain amount of shares. It looks like the CEO is using this as a means of supporting the stock, if he has to, and there is nothing wrong with that. After all, it is his money at stake, which to me is a confidence builder. As far as taking the company private, he has very little incentive to do so, as he already owns the great majority of shares, and thus stands to gain the most from a decent market valuation say a P/E of 20 on $1 per share of earnings.
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