Rock!!! Here are a few things that make me like this company. Below are a stock repurchase program that this company has done, and will do again in the near future. Any time a company has, and planning on continuing to do, is a Solid Company in my books. Especially when they have the cash to up a pay out dividend, and repurchase shares of the company, this shows that this company is cash flow positive!!!!!!!!!!!!!!!!!!!!!!!!!
I just love part ""#11"" (Below-from 11/8/04 10Q)
On May 22, 2003, the Company�s Board of Directors authorized the continued repurchase of shares of the Company�s Common Stock up to an additional expenditure of $30 million. Under the repurchase program, which was originally initiated in May 2000 and expired in May 2004, the Company repurchased a total of 8.2 million shares of Common Stock for approximately $53.4 million. The Company did not repurchase any shares during the nine months ended September 30, 2004.
11. Subsequent Event
On October 18, 2004, the Company�s Board of Directors authorized the repurchase of shares of the Company�s Common Stock up to an expenditure of $50 million. The repurchase program expires in October 2005.
This company will show extremly good revenues, earnings for the year, and I expect them to start a repurchase program in the very early 2005!!!
This is why I have invested in this company for the time being.