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SRSL (SRS Labs Inc)
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I can't figure out how to respond to comments about my postings; my original posted was that: SRS Labs has announced that they will commence a stock buyback, which would seem to be about 10% of their shares outstanding VikingWarrior responded to my posting commenting about SRSL that: the stock buyback involves "Cashing Out" I can not find any substantiation for VikingWarrior's comment; insider trades listed are: the $10 Million stock buyback would amount to more then 1,700,000 share at today's closing price ($5.82) finance.Yahoo.com reports a: I find no SEC filings which would substantiate VikingWarrior's comment | ||
Comments (1)
Don Quixote - Still Tilting at Wind Mills?
I found the insider sales Data at the MSN moneycentral web site by clicking on "Insider
transactions" - {pre-planned sale are SEC "4"
filings, I believe.)
You look to the past through a rear-ward
mirror - my view was what insiders will do in the future with $10 million "up for grabs".
Most buybacks are done strategically over long in-determinant time periods - these guys are going to do it in a very short time period - maybe pushing the stock up quick - THAT would cost the Corporate Treasury MORE ( and that's NOT a good thing )
My main point is that it's a Micro_Cap - there aren't enough shares out there for all your readers to get a piece of in the REAL World of Stocks - without bidding Up and paying through the nose for their "Ration"
The other point I made was that there are many more, better fish in the Sea. Opportunity is like a BUS - miss one and another will be along in a minute or so. I MISS this One. OK.
Don L. Ferk
( aka VikingWarrior)
November 13, 2007 reply by donquixote:
pre-planned sale SEC "4" filings at MSN are from June 2007
I see no such recent sell filings,
neither at MSN nor the SEC itself,
only current intention to re-purchase $10Million of stock,
exponentially more buying then any prior SEC 4 sale filings
"what insiders will do in the future
with $10 million "up for grabs".
well, quite obviously they will buy back their shares
with Qtrly Earnings Growth (yoy): 38.70%
with the company having a profit margin of over 30%
they have built up over $38,000,000 in cash
in a company with a market cap of $97M
with insiders and capital people
owning the majority of available stock,
quite obvously they will buy back
a large portion of the public shares
over the next six months as disclosed to the SEC
"Most buybacks are done strategically over long in-determinant time periods
- these guys are going to do it in a very short time period
- maybe pushing the stock up quick "
exactly why I'm posting this publicly disclosed insight,
there just might be some upside price potential
Posted by don ferk | November 13, 2007 6:57 AM