Fri, Sep 19, 2014, 9:00 AM EDT - U.S. Markets open in 30 mins.


% | $
Quotes you view appear here for quick access.

ATRION Corp. Message Board

  • alexalekhine alexalekhine Apr 18, 2006 4:20 PM Flag

    Share Repurchases Created Value

    My Bloomberg screen notes the following Durch Tender Auction results for Atrion:

    12/15/98 Bought 239,092 @$9/share
    04/23/99 Bought 301,549 @$10/share
    12/16/99 Bought 342,536 @$12/share

    By my calculations te company spent $9.28 million to repurchase 883,177 shares. Current value of those shares at an $480 closing price today is $70.65 million, representing almost 50% of the current equity market capitalization of just below $150 million.

    Congratulations, Emile & Jeff!


    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Very interesting. Stock is up 7-8 fold, EBITDA has more than tripled and revenue is up by just about 50-60%. The stock was indeed quite cheap in those days. They also did a big buyback in 2002(I think?) at a similar valuation.

      • 1 Reply to spinaned
      • Kinda similar:
        Shares of ESLR were quite cheap, I did a kind of "share repurchase" of my own, and now they are less cheap.

        Do you own DD on ESLR (which you can get off to a jump start by studying the web page below) to decide for yourself if you think they are still cheap.

        to learn more about Evergreen Solar Inc (ticker: ESLR),
        countries increasing their use of renewable energy,
        and changes in the environment.
        (lots of info so be patient while it loads)
        (replace "<dot>" with ".")


311.00Sep 18 4:00 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.