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.
Microcap & Penny Stocks : Is Books-a-Million a buy at under $5/share -- Ignore unavailable to you. Want to Upgrade?


To: Sandy W who wrote (37)9/1/1998 5:45:00 PM
From: Frederick Langford  Respond to of 50
 
Share Buy Back

Books-A-Million<BAMM.O>sets 1.5 mln shr buy back

BIRMINGHAM, Ala., Sept 1 (Reuters) - Books-A-Million Inc. said Tuesday its board authorized the repurchase of up to 1.5 million shares of outstanding common stock in the open market, subject to availability at prices the Company deems appropriate.

The stock currently is trading at significantly less than book value, and management believes that repurchasing shares of stock is a good investment for the Company.

Books-A-Million company presently operates 167 bookstores in 17 states.

13:28 09-01-98