FIRST WE HAD THIS............................
To: dave luken (432 )
From: Brian C. Lund May 13 1997 1:58AM EST
Reply #436 of 732
Monday October 21 6:02 AM EDT
Oakley Announces Share Repurchase Program
IRVINE, Calif., Oct. 21 /PRNewswire/ -- Oakley, Inc. (NYSE: 00) today announced its Board of Directors has authorized the repurchase by the company of up to three million shares of its common stock in the open market. Such repurchases may occur from time to time as market conditions warrant. Currently, there are 71.4 million shares of common stock outstanding.
Mike Parnell, Chief Executive Officer of Oakley, said, "In spite of recent activity in our stock, we are confident there has been no change in the fundamentals of our business, and we look forward to future opportunities. The decision to initiate a repurchase program was made after reviewing the company's cash position and assessing the current share price, which we believe represents an attractive investment opportunity."
Oakley is an innovation-driven designer, manufacturer and distributor of high-performance sunglasses and goggles. SOURCE Oakley, Inc.
Well Dave......
Assuming that they bought around that date, an average price would be around 15.75. That would mean that as of today, these insiders have lost about $18,375,000 for the company....Give or take a few thousand!
I guess that would just about demolishes you and blows your point out of the water. Go ahead, put your loser spin on it now. Doesn't matter if OO is 15 tomorrow, think of all the opportunities you have wasted waiting for this turkey to turn. Ha ha ha ha!
BCL
P.S. If OO does hit 15 by Jan 98, most of the people that have touted the stock on this board will ALMOST be at a break even level!
THEN WE HAD THIS.......................
To: Brian C. Lund (438 )
From: dave luken May 13 1997 7:49PM EST
Reply #440 of 732
Unless they bought
their shares at 9.00 (which they didn't), they have lost money. So that
blows daves argument out of the water. See how well "value" investing works!
OAKLEYOO( $ 1,161,095 ) 123,300 - C1/20-1/31
9.42
OAKLEYOO ($ 8,768,265 ) 997,400 - C,O2/3-2/27
8.79
OAKLEYOO( $ 499,410 ) 50,700 2 - C,O 2/27-3/11
9.85
Right out of the water huh? Oh yeah, there are 630,000 shares less outstanding now than oct 70,670,000 from 71,300,00. Not 3 million.
AND THIS...................
To: Dr. Jeff (711 )
From: Trey Yon Jul 2 1997 10:19AM EST
Reply #712 of 732
Sorry Doc, I was referring to the company shares repurchase plan. "Management" can decide when & how many shares are to be repurchased, and they have been a willing buyer up to $14 thus far.
AND STILL THIS.........................
To: Dr. Jeff (714 )
From: Trey Yon Jul 2 1997 10:30AM EST
Reply #715 of 732
During Q4-96 OO bought in 450,000+ shares at an average cost of $14.16
Q1-97 304,000 shs at an avg. $10.53
AND FINALLY THIS.................................
To: Dr. Jeff (716 )
From: Trey Yon Jul 2 1997 11:23AM EST
Reply #718 of 732
Q4 data was in the annual report PAGE 30 !!!!!!!!!!! Q1 was in a press release.
SORRY IT TOOK SO LONG TO GET THIS UP, I HATE TO GLOAT WHEN I'M RIGHT. <g>.
BCL |
