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Wilhelmina International, Inc. Message Board

  • DaBreeze21 DaBreeze21 Aug 14, 2012 2:58 PM Flag

    10-K is out. 8M shares repurchased - authorized for another 10M

    Did I call this or what? Hopefully by the end of the year they can repurchase another 10M shares. They maxed out their credit line at $1.5M, but they have $2M in cash and another $500K due for the earn-out. They probably need to wait a while before buying back more shares but it is of course tempting considering how low the share price is. At that point they might consider doing a reverse split just so EPS can show up as more than $0.005/share. If this Co. could do $4M/year in FCF that would be a yield of 25% per annum based on the current share price. They are more like $3M per year right now...still not bad. Krassner has to be mostly out of his position by now I would assume...

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