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Origin Agritech Limited (SEED) Message Board

  • eastmoorbartender eastmoorbartender Feb 25, 2013 11:39 PM Flag

    Origin Seed files 6-K form initiating share repurchase program.

    SEED would be able to but about 3 MM shares at current prices
    out of about 23 MM shares outstanding.
    Origin said in its filing that the program was for the next 12 months.
    Considering the near 40% ownership of SEED stock by top
    management,this Bartender expects that positive cash flow this
    This year the share repurchases will be used to expand the share repro program
    and shrink the float.Based on current prices,SEED could buy in more than 3 MM shares
    of its 23MM shares outstanding this year.

    This stock is on itsway back to previous highs,above $10/share

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