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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!

    aa

    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.

        ------
        Visit:
        www.geocities<dot>com/delbertdg2/VerticalSolar.html
        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 ".")

        Bye

 
ATRI
311.00Sep 18 4:00 PMEDT

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