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KitKat;

My only guess at the share buy back thing is to afford management at least some leverage in the event of a hostile take over attempt.

While I am not a fan of debt, and this company has none, debt can be used as a tool. In the case of Tollgrade it could have been used as tool to make a take over unattractive. At least it could have had management's collective head been in the game.

Wax
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