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CIFC Corp. Message Board

pembroke31 1 post  |  Last Activity: Nov 12, 2014 11:40 AM Member since: May 9, 2001
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  • pembroke31 by pembroke31 Nov 12, 2014 11:40 AM Flag

    I guess we now know who the massive seller in ACCO has been. With the filing of the quarterly holdings reports, Fidelity disclosed that it sold 9.7MM shares last quarter and it presumably sold its remaining 2MM shares in October. With Fidelity out of the way, and with the strong earnings reports of the last two quarters, it is no wonder the stock would begin to lift.
    Congratulations to ACCO for initiating a share buyback program and taking advantage of the share overhang. My guess is that they bought 5MM shares or so at an average price of around $7.50. Just a guess.

CIFC
8.52-0.22(-2.52%)Dec 26 4:00 PMEST

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