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Microcap & Penny Stocks : Rat dog micro-cap picks...
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To: Bucky Katt who wrote (4648)2/14/2001 10:51:34 AM
From: Catfish  Read Replies (2) of 48461
 
MFCO per the 10Q released yesterday has increasing revenues, profits and they are buying back shares. Here is the section on the share buy back program and the link to the 10Q:

biz.yahoo.com

The Company's Board of Directors had authorized the repurchase of up to 500,000 shares of the Company's outstanding stock. On January 26, 2000, the Company's Board of Directors authorized the repurchase of an additional 500,000 shares of the Company's outstanding common stock. The repurchases will be made from time to time on the open market at prevailing market prices or in negotiated transactions off the market. During the quarter ended December 31, 2000, 226,000 shares were repurchased using existing cash balances. Management believes the common stock repurchase program, given the Company's present cash position as well as the market price of the stock, reflects its belief in the fundamental strength of the business and also reflects its commitment to enhancing shareholder value.
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