"During the second quarter, the Company repurchased 1.0 million shares of common stock for $48.8 million at an average price of $47.05, bringing the total for share repurchases since the announcement of the Company's three-year share repurchase program to $475.0 million at an average price of $23.27."
Buying more stock at $47.05 was obviously not wise, especially if some of their patents are going to expire relatively soon (is it 2024?) and they really need to buy another technology platform for growth to continue. They seem to like to brag about their financial engineering and that makes me nervous.
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