Yes, that was a nice little head fake they gave us on Friday. Was going to average down, but got scared off. Plus, I forgot about there being only 28 days in Feb. Kept thinking earnings were in the middle of the week, and I would have Monday to buy in cheaper. I really have to start getting my sh!t together.... But as for this thing taking off, I'm still going to have to see it to believe it.
The Company's Board of Directors has approved a share repurchase program. Under the program, the Company is authorized to repurchase up to $150 million worth of its outstanding American Depositary Shares representing the ordinary shares of the Company from time to time over the next twenty four (24) months, depending on market conditions, share price and other factors, as well as subject to the relevant rules under United States securities regulations. The share repurchases may be made on the open market, in block trades or otherwise and may include derivative transactions.
i think that this is way more important than the earnings themselves as this should provide a nice support for the stock price over the next two years.