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AudioCodes Ltd. (AUDC) Message Board

  • italianex1 italianex1 Aug 7, 2014 9:36 AM Flag

    Shabtai is the man

    Shabtai Adlersberg, Chairman of the Board, President and Chief Executive Officer of AudioCodes said: "This share repurchase program represents the confidence we have in the Company and its long-term growth prospects, and is consistent with management's goal of increasing shareholder value."

    Sentiment: Strong Buy

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    • Although I applaud Shabtai for the buyback I would have rather seen an announcement that they were suspending future option grants, insiders, Executives, and BOD were buying with personal funds, and/or they were paying off the outstanding debt.

      Remember that Shabtai at one time wore the CFO hat so he knows numbers.

    • As an investor who expressed concerns about drawing parallels with the prior buyback ahead of a protracted downturn I like what I see in the release. $10M to $15M plus $3M is still half of proceeds from the secondary and the tone of the press release is nothing like the tone of press release with the prior buyback announcement which included a reduction in guidance.

      For all the grief Shabtai gets for just about everything he's done a very good job reinventing AudioCodes. Shabtai is also a much better CEO than he gets credit for.

      Sentiment: Strong Buy

5.22-0.02(-0.38%)Oct 25 4:00 PMEDT