SI
SI
discoversearch

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.
Technology Stocks : Trimble Navigation
TRMB 81.33-0.1%11:18 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Kenneth V. McNutt who wrote (2679)8/12/1998 3:17:00 PM
From: David  Read Replies (1) of 3506
 
Re: Buyback program

Well, the stock is up right now. I haven't been monitoring it to see when the price kicked up during the day. So that's good.

I haven't read the IBD article, but it makes sense that when a company launches a buyback, like any other buyer it will maintain a price cutoff on purchases and if the price gets too high, it stops buying. It's a good sign to have a buyback announced, especially one of this size (up to 4% of the outstanding shares), but I don't think TRMB will chase the stock at any price.

However, it puts the company's money where its mouth is, that it thinks the stock is underpriced. Here's a corporate finance program that can increase EPS!
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News