To offset stock options given to executives?Does not sound like the kind of investment I Would want to own. What's odd is they only did a $44M repurchase since 2006 and now they claim $250M plan? Someone is getting way over paid.
This is probably why the stock never breaks out of its trading range despite being a good company and pretty close to a monopoly. It runs up into earnings and then sells off. Hope it goes on to new highs for those still in.