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Author: Zamboni Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 210341  
Subject: Re: Into the repurcahse weeds ... Date: 12/12/2012 9:55 PM
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I submitted it last year, and I'll submit it again this year.
It's completely surreal that we've never gotten an explanation on that point.


To me the explanation is simple: 1.2 X most recent published book value. Repurchase at any other price could be construed as trading on inside information
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