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Luby's, Inc. Message Board

  • bluebloodedtrader bluebloodedtrader Apr 8, 2014 7:49 AM Flag

    $10 million stock buyback authorization

    LUB could easily authorize a $5-$10 million stock buyback. This action is reasonable, considering LUB shares sell for less than its equity, and the company has ample room on its credit line to source the funds. Adopting this strategy would certainly send a vote of confidence to Wall Street and subsequently bolster the stock price.

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    • Why do a buy back when LUB can let the stock fall & then buy the company out....LUB insiders own 30 %...so if the stock falls to $4.00 or so , then buy it out.....LUB knows they are a 2015 story...Buy backs or outs are done CHEAP.....so the other 70 % are ready to agree....That's biz - ness.......& remember , the land alone has tons of value....These guy's will steal the company from share holders....

 
LUB
5.52+0.01(+0.18%)4:03 PMEST

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