REXI is jumping up! Message Board

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Strategies & Market Trends : REXI is jumping up!

REXI 9.780

0.0%

Sep 9 5:00 PM EST

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To: Mr. Pink who wrote (78)	8/28/1998 2:54:00 PM
From: Robert Meany	Read Replies (1) of 83

Resource America Authorizes Buyback PHILADELPHIA--(BUSINESS WIRE)--Aug. 28, 1998--Resource America Inc. (NASDAQ:REXI - news; the ''company'') announced today that its board of directors has authorized a repurchase by the company of up to $50 million of its corporate securities. Repurchases may be made from time to time through open market purchases or privately negotiated transactions at the discretion of the company and in accordance with the rules of the Securities and Exchange Commission, as applicable. The amount and timing of any repurchases will depend on market conditions. The company currently has outstanding approximately 20.2 million shares of common stock and $115 million of its unsecured 12 percent Senior Notes due 2004.

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