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Microcap & Penny Stocks : Rollins Environmental (REN)

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To: Woody_Nickels who wrote (42)4/15/1997 10:38:00 PM
From: Raptech   of 54
 
To All:

In the event you may have missed this. It is probably a positive move for shareholders. With 30 mil shares in circulation is the company fairly valued??? Any opinions?

Thursday April 10 9:41 AM EDT

Rollins Environmental Services Inc Q1 share purchase at 489,300

ATLANTA, April 10 (Reuter) - Consumer services company Rollins Inc said Thursday it had bought with cash and retired 489,300 shares of its $1.00 par value common stock during its first quarter ended March 31.

In October, the company's board of directors approved a plan to buy back up to two million shares. The approval followed the completion of an earlier program to buy back one million shares.

Rollins has more than 30 million shares in circulation.

BTW, Stephen Leeb has REN on his recommended list in the Personal Finance news letter dated April 9, which is why I looked for this thread. He's usually thorough before recommending a stock in the news letter so maybe we'll see some positives soon.

Not yet a shareholder, but very interested.

Rap
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