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Posts Tagged ‘Stock buy back’

Digirad Corporation (NASDAQ:DRAD) Q1 update

Posted in Digirad Corporation (NASDAQ:DRAD), Greenbackd Portfolio, Stocks, tagged , , on May 5, 2009 | 4 Comments »

Digirad Corporation (NASDAQ:DRAD) has filed its 10Q for the quarter ended March 31, 2009. We’ve been following DRAD (see our post archive here) because it is an undervalued asset play with a plan to sell assets and buy back its stock. The stock is up more than 43% since we started following it to close [...]

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Previous buyback completion rates matter

Posted in About, Catalysts, Share buy-backs, Stocks, tagged , , on April 6, 2009 | Leave a Comment »

Empirical Finance Research Blog has a review of a new paper, Repurchases, Reputation, and Returns, which finds that long-run stock returns are higher for companies announcing buybacks that had substantially completed a previous buyback. In other words, companies with a track record for following through on announced buybacks enjoy higher returns following a subsequent buyback [...]

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RACK suspends buyback and enters agreement to acquire Silicon Graphics; Greenbackd exits position

Posted in Rackable Systems Inc (NASDAQ:RACK), Stocks, tagged , , on April 2, 2009 | 3 Comments »

Rackable Systems Inc (NASDAQ:RACK) has announced that it is suspending its buyback and acquiring substantially all the assets of Silicon Graphics Inc (NASDAQ:SGIC) for “approximately $25 million in cash, subject to adjustment in certain circumstances, plus the assumption of certain liabilities associated with the acquired assets.” Without the buyback, our investment thesis is gone, so [...]

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Rackable Systems Inc (NASDAQ:RACK)

Posted in Greenbackd Portfolio, Net Cash Stocks, Net Net Stocks, Rackable Systems Inc (NASDAQ:RACK), Share buy-backs, Stocks, tagged , , , on March 11, 2009 | 6 Comments »

Rackable Systems Inc (NASDAQ:RACK) is a new undervalued asset play with a plan to repurchase almost 40% of its stock at current prices. At RACK’s $3.56 closing price yesterday, the company has a market capitalization of $106.4M. We estimate the company’s liquidation value to be 60% higher at $170.3M or $5.74 per share. If the [...]

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Arrhythmia Research Technology Inc (AMEX:HRT)

Posted in Arrhythmia Research Technology Inc (AMEX:HRT), Stocks, tagged , , , on January 14, 2009 | 5 Comments »

Arrhythmia Research Technology Inc (AMEX:HRT) is a tiny but profitable net net stock with a plan to buy back stock. At its $2.25 close yesterday the company has a market capitalization of just $6.1M. We estimate its pre-buy back liquidation value to be more than 100% higher at around $12.7M or $4.68 per share. If [...]

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