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Non-Tech : PERFUMANIA.COM . . PRFM . . .FOR LONGS ONLY

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To: Rande Is who wrote (2467)12/8/1999 7:04:00 PM
From: Jack Hartmann  Read Replies (2) of 2489
 
Float is 2.2M per Market Guide. Shares outstanding is 7.64M. Interesting, that Reuters says shares outstanding is 9.2M. One sixth of the float bought back is interesting. Can't think of a past buyback of stock with such a small float and sharesout. Anybody? I like to see how a similar stock did after such an announcement.
Jack

Perfumania to buyback 1.5 mln shares
Reuters Story - December 08, 1999 15:35
MIAMI, Dec 8 (Reuters) - Fragrance retailer Perfumania said Wednesday it will buy back up to 1.5 million shares of its common stock under a repurchase plan.

Perfumania, which said the timing of the purchases will be at the discretion of the company, has about 9.2 million shares outstanding.
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