SSS down 3.6%, EPS 8 cent loss versus 6 cents last year. $22 million buyback
I keep hoping for even flat same store sames but it doesnt seem like they will ever get there.
Looks like they decided to use the rest of the $25 million to potentially buyback shares but thats a bit bothersome because it could mean "sweatheart" deal with a large holder at an infalted but near market price.
No way they are ever going to buy any significant stock back in the open market.
But, maybe they can keep a floor under the shares so they dont fall to $4.50 again ?
Wow. Another day another stupid comment. 172k shares traded today. They will be able to pick up a couple of million shares between now and next earnings, with most under the high range of the last offering ($5.10).