I talked to Ron Remick around mid-April. He said that the decision for the buyback was made when KTII PPS was around $50. At that time, investing in the company's stock was a better investment than anything else.

Results are out today - I didn't expect anything amazing. But they did a good job in a tough environment. I'm hoping 3Q is a lot better for them as there is some news of machinery orders starting to pick up everywhere.

Anyone know the source of increase in shares outstanding? I don't expect the company to have used all $10MM on its shares but I did expect some amount to have been used.