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Strategies & Market Trends : cash-rich dot bombs -- Ignore unavailable to you. Want to Upgrade?


To: Joseph Waligore who wrote (25)12/17/2000 8:47:11 AM
From: blankmind  Read Replies (2) | Respond to of 184
 
- More on quotesmith.com - buyback -

- From the 10/30/00 press release - the buyback is aggressive & meaningful - especially for QUOT w/ its huge cash & no debt position:

". . . has authorized the repurchase of up to 3.5 million shares of common stock representing up to 18% of the total 19.2 million shares outstanding."

- cash on hand of $32.1 million, or $1.67 per share - & no debt; yet its share price is $.80