just saying, I would not buy P right now over 15. bought some a 14.01 and am out. I will wait until the iRadio news next week pushs it back down.
I'm not suggesting the negative guidance should be overlooked. I am only suggesting the AH price decline reflects the new information plus a classic overreaction to the guidance.
Or better yet, make some money off the market overreaction. Earnings were solid and fiscal cliff will pass. Good chance to make a few quick $. Small position long at 7.7. Hope to be out at 8 shortly.
The Company's Board of Directors had authorized
the repurchase of up to 500,000 shares of the
Company's outstanding common stock. On January 26, 2000,
the Company's Board of Directors authorized the
repurchase of an additional 500,000 shares of the Company's
outstanding common stock. The repurchases will be made from
time to time on the open market at prevailing market
prices or in negotiated transactions off the market.
Since July 1998, 423,246 shares of the Company's
outstanding common stock have been repurchased using existing
cash balances. Management believes the common stock
repurchase program, given the Company's present cash
position, reflects its belief in the fundamental strength
of the business and also reflects its commitment to
enhancing shareholder value.