there are still sound motives that drive companies to repurchase shares. For example, management many feel the market has discounted its share price too steeply. A stock price can be pummeled by the market for many reasons like weaker-then-expected earnings results, an accounting scandal or just a poor overall economic climate. Thus, when a company spends millions of dollars buying up its own shares, it says management believes that the market has gone too far in discounting the shares - a positive sign.
13-MAR-2009 11:25
LONDON, March 13 (Reuters) - Pixel Interactive Media Ltd:
* Whilst revenue for the full year 2008 will be in line with market expectations, reported profit before tax is expected to be below market expectations
* Will incur impairment charge of $4.4 million on China Easy Growth acquisition
haventgotaacllue, Spiritfind and co3 Aug 2009 11:01
off topic have a look at sym stubled across it on wed last week, would apperactie anyone elses view thanks all!
off to bed good damm 2am starts! be back later! thanks again.
yes that was it, sorry dont have mega ammounts of cash but a £77 profit out of £180 put in in two days is a wicked return in my books so thankyou guys! so much!
big thank you to you guys for the tip and lady luck! put a stop on at 9.5 to proctect profit! thank you very much! have fun spending the profit! enjoy the weekend see you all monday!