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Biotech / Medical : Trickle Portfolio

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To: tuck who wrote (1254)10/31/2002 10:59:19 AM
From: keokalani'nui  Read Replies (1) of 1784
 
Is this audacious, outrageous, or just plain looney? Or have I been dropping a digit everytime I look at PEG, price/sales, P/E? Maybe the repurchase budget and the absence of an obligation to buy answers all.


Press Release Source: Techne Corporation

Techne Corporation Adds to Stock Repurchase Program
Thursday October 31, 8:01 am ET

MINNEAPOLIS, Oct. 31 /PRNewswire-FirstCall/ --
Techne Corporation (Nasdaq: TECH - News) announces that its Board of Directors has authorized the expenditure of up to $20 million for the repurchase of additional shares of its Common Stock. Repurchases may be made from time to time in the open market or in privately negotiated transactions. The source of funds will be the cash reserves and current earnings of the Company. Prior authorizations for the purchase of up to $20 million have resulted in the expenditure of $16.5 million and $3.5 million remains available from such authorizations.
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