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OfficeMax Incorporated Message Board

  • legalbark legalbark Sep 22, 2004 5:54 AM Flag

    The Vacuum Cleaner

    The last two days have seen someone, who I affectionately refer to as the Vacuum Cleaner, coming in and sucking up the shares in a very methodical manner. He'll take the price up to find supply, and then absorbs it, perhaps even falling back a little to get the supply at the lowest price, and then back he goes relentlessly pursuing the available supply of cheap shares. It's not clear who this buyer is- independent or an agent for the company preparing for a company buyback. Regardless it's been great for the stock price and is coming much earlier that some had suspected. I hope he keeps cleaning.