Thu, May 23, 2013, 8:46 AM EDT - U.S. Markets open in 44 mins.
They showed there belief in there own company.
Common guys, you all are smarter than that.They were more or less forced to buy the stock from the "largest institutional investor" to keep that investor from selling on the open market and driving the stock price even lower.No way could the market absorb that much stock at one time without a significant stock price reduction.
No one forced Martin to buy FEIM.It was the right move. JOYG is buying its own shares because it fell 50%.
Opposite side is that there is no way the company could buy that many shares in the open market at what looks like $4.6o to $4.70.Almost half of book value.Lets hope that the company buys anothr 600K shares.Better to grow the company by repurchasing shares than to try and grow the company by increasing revenues (which they cant do profitably)