To the "thread,"
Well, this time it appears that TFS is putting *our* money where *its* mouth is.
Following the two earlier blocks of 20,000 shares plus, a new 116,000 common trade has just printed at $ 9.375. The shares were crossed by Furman Selz...home of Bob Cihra, the only noteworthy analyst still covering the company...so it suggests that Furman bought the stock back for TFS.
Actually, when you think of it, if they don't find a way to compensate Cihra for the coverage, they would be ingrates, no?
Anyway, my best guess is that they have already repurchased pretty close to 200,000 shares. Maybe this time it *is* different. What remains to be seen is how much of the full 1,000,000 share buyback the company actually completes.
What it means for shareholders is that we have seen the "bottom." How quickly the stock will rally is dependent on new order news as well as whether TFS intends to repurchase the full million share authorization.
Anyway, this is better than "nothing."
Have a good day. |
