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Strategies & Market Trends : Value Investing

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To: reno4 who wrote (44172)11/11/2011 1:35:21 PM
From: Paul Senior  Read Replies (1) of 78548
 
Following you guys with a buy of WILC. Profitable dink company selling at nca. About a $5.50 stock with, as previously mentioned, about $4 in cash.

Stock buyback of $5M (about 10% of cash), if it happens, could reduce the float by maybe $5M/$6 = 830k shares or .83M/5.9M shares (Yahoo number), or 14%. Might make the stock more volatile. Otoh, could be a last-guy-standing kind of thing where insiders and remaining non-controlling shareholders benefit.

finance.yahoo.com
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