That is a direct quote from the article. Like i said in the post before yours i don't believe that to be true. Obviously a company that doesn't have the trust of the investors will not do well if they were to attempt a stock repurchase. All they would have to show for it, is a bunch of useless stock on hand.

I do believe skywest is doing this however to increase their value. Their announcement came on a day of heavy market wide selling while skywest was still moving upward. Why not do it.. If i had 500,000 shares of skywest and could increase it by just 2 dollars simply by using cash on hand then why not?