What improvements would you like in Yahoo! Finance Message Boards? Please send us feedback.
Message Boards Settings Salary.com, Inc. (SLRY) - Quote Info
Effect of Stock Buyback     28-Apr-09 09:49 pm    
Regardless of what you think of the company, a $7.5m stock buyback is going to drive up the price.

Average daily volume is 12k shares. Today 35k changed hands. Well 35k @ $2.30 is only $80,000 to handle 3x average daily volume. $7.5m is 93 days trading volume at that price.

But really, do you think that SLRY management is going to be happy with $2.30 per share? Heck, as recently as their big layoff in January, the stock was at $3.00.

$3.00 x 35,000 per day...let's call it $100,000 per day. $7.5m still lasts 75 trading days (about 3 and a half calendar months) at that price and rate.

Who'd short under those circumstances? In the short term, who'd sell?
Rating :
 (2 Ratings)
Rate it:
awful/not related to \pooraveragegoodexcellent

kcudd_v2

36/Male
Boston (Met...


View Messages

Ignore User

Report Abuse

< Previous Message |   Next Message >
View: Simple | Summary | Expanded
As: Threaded | Msg List
Page 1 of about 1   First | < Prev | Next > | Last

Messages in Topic

Minimum rating: What's this?
  Subject Author Rating Time of Post (ET)  
 
Effect of Stock Buyback
kcudd_v2 (2 Ratings) 28-Apr-09 09:49 pm  
 
Buyback Watch: Trading Day 7: Today's volume wa...
kcudd_v2 (1 Rating) 29-Apr-09 07:02 pm  
View: Simple | Summary | Expanded
As: Threaded | Msg List
Page 1 of about 1   First | < Prev | Next > | Last

Salary.com, Inc. (SLRY)

Chart for Salary.com, Inc. (SLRY)
At 1:22PM ET: 2.65 Down 0.06 (2.21%)
Symbol Lookup