Hate hate to break the news but I would bet there are still 10 MM shares outstanding. They only dropped 200 K between quarters last time so expect at most 500K this quarter, which is 10 MM. However, I still like it but what was the cause of the revenue drop. Maybe they should change they're name, K-Swiss is old news.
accoding to the first quarter press release issued on april 20 they repurchased 250,000 shares during q1 at an average price of 12$. They also stateed that they had purcshaced 112,500 aditional shares (as the time of issuing q1 report) in q2 at an average price of 14.22 cents a share. Less than three weeks into the quarter they had repurchased those and the mentioned they would be optortunistic in repurchasing further shares at prices avaiable. Remember the Naz was crashing around then, and I figured they backed off for a day here and there to see how low the price would drift. (below 13 only 10k shares a day). If they coninued the pace of the first few weeks, you are right my hopes are way optomistic. At that pace it would only be around 400,000 shares retired in q2.
But I am hoping they really went hog wild and bought in a few million out of the apoximately 8 million shares traded (from yahoo average volume numbers)