To: TWICK who wrote (9) | 9/29/1998 10:22:00 AM | From: upndn | | |
From the si RXSD thread,
BOCA RATON, Fla., Sept. 29 /PRNewswire/ -- Rexall Sundown, Inc. (Nasdaq: RXSD) today announced that its Board of Directors has authorized a share repurchase program, which will allow the Company to buy up to $100 million of its common stock. Under the terms of the program, which has no expiration date, the Company expects to buy shares from time to time in the open market or in privately negotiated transactions, depending on market conditions and other factors. At yesterday's closing price of $16 1/4, the repurchase program would allow the Company to buy approximately 8.5% of the total common stock outstanding or nearly 17% of the shares in the public float. As of May 31, 1998, the end of its third fiscal quarter, Rexall Sundown had $99.6 million in cash and marketable securities and no long-term debt on its Balance Sheet. "The action taken by the Board of Directors reflects our continued confidence in the Company, its future growth potential and our positive outlook regarding the long-term fundamentals of the vitamin and nutritional supplement industry," said Carl DeSantis, Chairman of the Board. "The Board believes that this repurchase program represents an attractive investment opportunity which will benefit our shareholders." |
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To: TWICK who wrote (9) | 10/10/1998 1:51:00 PM | From: upndn | | |
Have gone to cash. This is still a great company. But for the forseeable future, things don't look good for stocks in general. Former big bulls have already gone thru the exit, and the small bulls are out of funds and can't drive prices up on their own, yada, yada, yada Jim |
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To: upndn who wrote (11) | 10/10/1998 2:47:00 PM | From: TWICK | | |
No. I'm long at 10 7/8. Price is holding up ok as far as I'm concerned. I am overall 75% cash but buying thanks to this wonderful "BUYING OPPORTUNITY". There are so many incredible buys, I'm having a trouble picking the companies I want to buy. It's like a candy store out there.
TWICK. |
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To: upndn who wrote (11) | 10/19/1998 11:53:00 AM | From: TWICK | | |
Glad I picked up more at 9 3/4 on 10/14 for a tidy profit at 12 3/8. Still holding my original shares at 10 7/8. Anyone know why the sudden surge of 14%.
TWICK. |
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To: AS Hibbs who wrote (14) | 10/22/1998 2:36:00 PM | From: TWICK | | |
Don't know. I sold it yesterday at 15 5/8. Happy with my 52% profit. Put LMTR back on my watch list, hoping to pick it up on a reversal.
TWICK. |
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