WILC,
Not happy with recent results, but these were foreshadowed in prior earning calls. There was a buyback last year, but they put it on hold. However, the holding company Willifood Investments has been buying shares (+133,464 to 7,305,201 shares as of 4/1/2012) and in the call they said WILC might renew the buyback once the parent company buyback is completed (the audio got kind of garbled).
I recommend you also look at the recent proxy. They are considering a related party sale agreement between and affiliate Willi Food. Not being in the grocery store business, I don't know whether the agreement is fair.
Given the cash and net assets and management/affiliate buying of shares, I am inclined to hold a small position for the long term. I think the stock could rebound quite well with an improvement in business conditions or a good acquisition, but neither of those seem imminent. Thus, it seems like a tracking position makes the most sense at this juncture.
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