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Author: 0gre Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 131  
Subject: Re: I think we've found the bottom Date: 11/17/2006 4:48 PM
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This doesn't make any sense at all. ASVI is up almost 3% on bad news in the housing market. Those "random walk" guys are right!

Yeah I though it was quite odd also. Even stranger considering the fact that nearly everything else was down. This is what convinces me more than anything that it is indeed at or very close to the bottom. Maybe this means its going to start swinging the other way.

One possible answer to this is that they it's entirely possible that the company might buying back shares. Makes a lot of sense to buy when the stock price is at it's low.

"In October 2006, our Board of Directors approved the implementation of a new stock buyback plan. Under this plan, we may repurchase up to $50 million of our common stock over a three year period. We anticipate share purchases will be made from time to time, depending on market conditions."

-- Dennis
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