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Ballantyne Strong, Inc Message Board

  • mariansong2002 mariansong2002 Nov 27, 2008 5:45 PM Flag

    Stock Buy Back

    With the company announcing that they are going to buy back shares. Even though they really don't have excess cash. They still have cash illiquid in ARS and they are paying people like they are a car company. Don't work and we will pay you. Where do I sign up?

    Do you think they are going to buy before 2009 or let all the end of year tax loss selling happen first.

    What about Buffet. He lives in Omaha. He looks for undervalued companies. This seems right up his alley if that moron of a CEO is telling the truth. Could we get a buy out. NEC?

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    • You raise excellent questions. They need to get their ARS's freed up. So far, they have all sorts of plans for cash which include the stock buy back and aquisitions. In reality, they need the cash to finance projectors to customers because of this credit crunch. They are financing the recent 35 projectors sold as indicated by the quote below:

      "Digital Link II, LLC, an entity formed and co-financed by REAL D and Ballantyne, will fund the projector purchases."

      If the 35 systems go for $65,000 each, that totals $2.3 million. Their cash sure won't go far, especially if they were hoping to do hundreds of projector sales per month.

      The buy back authorization sounds nice but it is just that ... authorization and not a firm comitment. I don't see enough cash for any significant buyback without interfering with other goals (at least until credit flows again).

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