By Ian Gilson, PhD, CFA
On June 25, 2013 the Board of Directors of S&W Seed (Nasdaq-small:SANW) announced it had authorized a common stock repurchase of $3.0 million. This stock will not be included in shares outstanding but will be a line item in Stockholder’s Equity.
In our opinion the company has sufficient net free cash flow for the repurchase and the buy- back will not impact the company's earnings potential.
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