Company stock repurchase has been going on since August. The 20M spent by HXL to repurchase stock is equivalent to only 8 days volume so it has not been a big factor. The prospect for earnings growth and improved attention towards the aerospace industry will be the main force in any stock price rise. HXL has recently diversified but investors are uncertain what that means. When we start to think this diversification is good for HXL, then the stock price and PE ratio will rise.