Special Dividend - Definitely Points up in HBKS's Case
Some people probably wonder ... why would the bank reduce the buyback?
The bank probably just realized there's not really any HBKS stock left for sale. You see ... wealthy shareholders just gave their grand kids $5,120,000 cash for tax planning purposes (if you're wealthy, you'll know why). The grand kids launched their own HBKS buy up program last month ... so the float is gone. Bank just found out what the grand kids already knew.