Originally Posted by
sqwkvfr
That also helps explain the nearly $200 million is share repurchases in 2015 and Q1 2016; with a fresh authorization for yet another $100 million to continue doing the same....such repurchases serve to benefit only the majority shareholders (read:Maury) and management.
It is befuddling to see a company in such dire need of improvements to its infastructure, processes and employee relations doing such a thing.
I don't see how it can be a surprise. This is standard operating procedure. However, typically, stock repurchasing is normally a good thing, but given Uncle Maury's business plan, we have no way of really knowing what he is doing, other than consolidating more control, leading to stock sellbacks when it recovers, if it does. The press issues are only getting worse...