they realized they missed the street by 2 cent, well with this million dollar buy back, and we all know after any company buys back it stock, that stock is not counted against earnings per share, in other words the amount of shares decrease. after this buy back, they will will never miss again. besides that fact they have a boat load of money on the side. this company has great management..
Again, read last years report. They were authorized to buy back 1 million shares and bought back zero. Do not be mislead by this announcement. they have no cash to buy back stock. Look at their balance sheet.