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Calamos Asset Management Inc. Message Board

  • o08o.ugh64w o08o.ugh64w Apr 4, 2013 7:41 AM Flag

    But what happens when company stops buying?

    Without company repurchase, price would fall below $11 - that is absolutely clear.

    Company cannot buy shares forever.

    Wait for repurchase to back off and then will be able to buy shares well below $11.

    Company performance will make the stock go up. Artificial buying support isn't a good way to spend company money.

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    • John Calamos was in there buying shares below 11 on the downgrade yesterday

      • 1 Reply to yertle120
      • John Calamos was not in there buying shares. Once again, it was company purchases. Please go read the SEC filing. Most all folks like yourself are looking at some site which simply summarizes the information and excludes the details.

        "Shares purchased by Calamos Investments LLC primarily to manage dilution resulting from, and potentially to fulfill the requirements of, Calamos Asset Management Inc.'s equity compensation plan."

        So, the shares that were repurchased by the company was to keep the share count from increasing because of shares issued to management. Again - company buyback.

        As I indicated previously - the company is simply buying shares at/below $11. At some point they will stop and the stock will continue lower.

        Do you feel lucky?

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