Board has authorized a buy back of one million shares.
At the conference call yesterday, Victor said that no shares had yet been acquired, due to the quiet period (due to earnings release).Now that CAP can buy those shares, the market price has surged--hey, it could be worse!!
Nice call. I think the company will continue to deploy capital in investments over an aggressive buyback. That is fine by me. Without a double dip I think we see shares at 25 within 2 quarters. GLTA