Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

ULBI 6.860

+0.6%

Oct 30 3:59 PM EDT

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To: richardred who wrote (5442)	8/19/2019 6:59:52 AM
From: Labrador	Read Replies (2) of 7238

Looking at their June 2019 10-Q, Share Buyback Activity Was Notable as BLMN spent $107M towards share repurchase in the quarter, buying 5,469,000 shares at an average price of ~$19.50. Even the Company cannot support its share price with buybacks. As you note, Insider Sales continue to remain huge. May nibble a bit in the $15's. Is it interesting that the Company is buying back shares, yet Insiders are huge sellers of shares?

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