Gentex (GNTX) Message Board

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Non-Tech : Gentex (GNTX)

GNTX 23.75

-1.6%

3:59 PM EST

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To: Robert Henry who wrote (50)	5/22/1997 3:08:00 PM
From: Bill Marble	of 196

To ALL: I'm surprised no one has posted this yet. Gentex has authorized a 1 million share repurchase program. Here's the link: biz.yahoo.com It's not a very big deal considering there are over 35M shares out, but share repurchases like this suggest several things: 1. Management considers the company's stock to be a good value. If they didn't, they are obligated to put the money elsewhere. 2. They are sticking to their knitting. They could take the money and invest in a shipyard or create a subsidiary that makes fuel cells for Zero Emmission automobiles, but they didn't 3. They are demonstrating recognition of the fact that the shareholders own this company and their job is to increase shareholder value. A million shares is not a lot, but if they do it again next year and the year after, it adds up. Like the man said, "a billion here and a billion there and pretty soon, you're talking real money." WEM

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