Dlicious, One would think if the weekherald.com or MarketBeat news was accurate, that ROX would make a formal announcement, because it would be impactful.
So let's watch what happens on November 21st, because perhaps if the news is correct, but not the date, being 6 days away would make more sense.
But still. ROX isn't sitting on hoards of cash that can be used for share repurchases. And if they were borrowing money to do this, it seems like an ill conceived use of money.
Wouldn't it make more sense to borrow to set aside bourbon and whiskey to age or run advertising? The later would generate fundamental BUZZ.
Generally when a company does a share repurchase program they simply announce an authorization amount and then from time to time they acquire some shares.
Not a date when they are going to buy.
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