FreightCar America - RAIL - Message Board

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Non-Tech : FreightCar America - RAIL -

RAIL 8.705

+1.5%

11:51 AM EDT

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From: Carey Thompson	1/31/2007 2:24:25 PM
	of 64

FreightCar Approves $50M Buyback Program Wednesday January 24, 9:49 am ET FreightCar America Approves a $50 Million Buyback Program CHICAGO (AP) -- Railcar maker FreightCar America Inc. said on Wednesday its board authorized a $50 million stock buyback program. The company expects to begin share repurchases after it reports its fourth-quarter and full-year earnings on Feb.8. FreightCar has 12.6 million outstanding shares. Shares of the railcar maker gained 60 cents to $54.60 in premarket trading. FreightCar closed Tuesday at $54.00 on the Nasdaq Stock Market. It is good news when a company shrinks its shares outstanding by about 10%. Now let us hope RAIL does not mess it all up by issuing options that will bloat the number of shares outstanding.

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