Walter Industries (WLT) A Turnaround Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Walter Industries (WLT) A Turnaround

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: leigh aulper who wrote ()	7/13/1998 12:10:00 PM
From: leigh aulper	of 39

Walter Industries Board Authorizes Stock Repurchase Program TAMPA, Fla.--(BUSINESS WIRE)--July 13, 1998--Walter Industries, Inc. (NYSE: WLT) announced today that its board of directors has authorized the company to repurchase up to two million shares of Walter Industries common stock. The purchases may be made from time to time in the open market or in privately negotiated transactions, as deemed appropriate by the company. Kenneth E. Hyatt, Chairman and Chief Executive Officer, said "The board's action underscores management's confidence in the company's future prospects and our view that Walter Industries common stock is undervalued relative to our recent performance and earnings potential." The company currently has 53,885,594 shares of common stock outstanding.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next