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Leidos Holdings, Inc. Message Board

  • watersfall9999 watersfall9999 Apr 1, 2014 11:10 AM Flag

    More Insanity

    Burning cash. The definition of insanity is doing the same thing over and over again expecting a different result. The Management and BOD needs immediate replacement. This once fine company is burning up its heritage in a financial engineering bonfire.

    8:11 am Leidos Holdings announces $200 mln accelerated stock repurchase transaction (LDOS) : Co announces that it has entered into an agreement with a financial institution for an accelerated stock repurchase transaction, whereby the Company will purchase $200 million of its outstanding shares of common stock, with approximately 80% of the shares to be delivered in the near term. The transaction is expected to be complete no later than June of 2014.

 
LDOS
41.89+0.25(+0.60%)May 1 4:02 PMEDT