I agree that it is in Steel Partners' interest to have a low stock price, given buybacks. Yet they are issuing these press releases in business news touting products, such as the news release today. It is possible to just release this kind of news through more customer directed channels.
Interesting to note that SLI has traded quite near the upper range of the buyback offer price this week ($13.48). Perhaps they will have to sweeten the offer a little if they want to get the shares. If Greece doesn't take the world down next week and the market rallies, some of these smaller industrials could move nicely also. My Hurco (CNC machines) has been hammered on Europe worries lately, but if the economy takes off, it could do very well. My EMR hasn't gone south also, along with GGG. Oh well, sad story I suppose. RAVN and AVD are doing well.
I was just going to post about this also. It's been a long time since they issued a PR like this. As you say, an industry PR publication like TMCNET would be more like it. Who knows what their game plan is, but you would think they wouldn't try to raise the share price in front of the buyback.
SL Power Electronics, a division of SL Industries (NYSE/AMEX: SLI) and an industry leader in the design and manufacture of medical power supplies, announces the addition of the MINT1275 to its high-density, single output, open frame AC/DC medical-grade power supply family. The MINT1275 models are ideal for a variety of medical devices with space and airflow constraints – especially in table-top in-vitro diagnostics and laboratory instruments as well as in portable imaging, surgical and therapeutic medical devices and portable home healthcare appliances.