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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (32927)3/3/2002 12:18:46 PM
From: KyrosL  Read Replies (1) of 209892
 
DLX has a share repurchase program started in January last year. They are buying up 14 million of their shares, which is more than a quarter of the float. As of now they have bought 12 of the 14 million. That comes to about 15% of the total trading volume during the past year. No wonder the stock has been steadily going up in a straight line. Conveniently enough, as your other post points out, plenty of insiders are cashing out. At this rate, the buyback will end in a month or two.

I use Deluxe's product -- my credit union uses their checks. They are overpriced, and a big incentive to get rid of them and use electronic billing wherever possible. In the last year I have reduced my use of paper checks by around 90%. I don't think that part of DLX business is growth anymore.

Kyros
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