Quite a swing today. I have been buying more over the last several weeks. Had to top it off today when it went into the 15s to good to pass up for long term. I love what they have lined up product wise in 2012. Apparently others agreed. Obviously the company feels things are teed up since they purchased so many shares. Interested to see how they bring the mini stealth to market in Nov. See you all next qtr.
Indeed it was I couldn't believe the downturn with the numbers they posted .guidance was a little weak but that was priced in. They always low ball anyway. Exceeded earnings, highest Level net income since 2000, free cash flow of 106m and they purchased 18m shares. Meaning last qtr they purchased over 10% of their stock and since the downturn in 2008 they have purchased around 25% of outstanding shares. Maybe TJ is taking them private. With the considerable free cash flow of 100 plus million a qtr , why not. Although a long shot I am convinced they have something up their sleeves for Nov meeting they alluded to today . Watch the call options next couple weeks, word always slips out. Overall from a results standpoint very pleased but still not satisfied!
INCY your 20 is looking as a good prediction. Much better than leo's single digits by Thanksgiving. BOSSE good to see you are still around. I know you been in CY back when CY was in the 4's after the downturn. Do you have an exit price?