Stock Repurchase
CLFD, GNLB, and HAUP
I got a trial membership at Vectorvest.com this month. They currently have a buy recommendation on three stocks within our wheelhouse:
CLFD 1.26 +.12
HAUP 1.12 +.02
GNLB 1.29 +.01
CLFD and HAUP both have marketcaps below cash value.
Flow International (FLOW) Sees Insider Buying
StreetInsider.com reported yesterday (12/11) that Flow International (Nasdaq: FLOW) CEO Charles Brown disclosed he bought 95,000 shares from 12/9-12/10 and Director, Lorenzo Lamadrid disclosed that he bought 20,000 shares on 12/11.
It should also be noted that large Flow International shareholder, Dan Loeb of Third Point LLC, recently disclosed he cut his share by over 2 million shares to 4.7%.
Shares of Flow International closed today at 1.99 up 15% and was up 9% yesterday. The 52-week range is $1.21-$11.40.
Flow International Corporation, together with its subsidiaries, engages in designing, developing, manufacturing, marketing, installing, and servicing ultrahigh-pressure waterjet technology.
MKRS Insiders are buying
Two MKRS insiders Officer Thomas Meaney and Director Paul Casner recently bought shares at .22.
MKRS closed today at .20
Simulations Plus Announces Share Repurchase Program
Simulations Plus, Inc. (Nasdaq:SLP), the leading provider of simulation and modeling software for pharmaceutical discovery and development, announced today that its board of directors has authorized a share repurchase program effective Monday, October 27, 2008.
Ms. Momoko Beran, chief financial officer of Simulations Plus, said: The board of directors has authorized a share repurchase program enabling the buyback of up to $2.5 million in shares during a 12-month period beginning Monday, October 27, 2008. Repurchases may be made in the open market, through a broker, or through privately negotiated transactions, subject to market conditions, applicable legal requirements and other factors. See entire press release.
As of this posting SLP is currently trading at $1.13.
CTGI Insider Buying
Donald Robbins CEO of CSMG TEchnologies (CTGI.OB) purchased 300,000 shares today at .63. CTGI closed today at .57
PCYN Announces Stock Repurchase
Procyon Corporation PCYN (.46), a Clearwater, Florida-based company whose subsidiaries include Amerx Health Care Corporation and Sirius Medical Supply announced today that the Board of Directors of the Company approved a plan on December 8, 2007 to repurchase shares of Procyon Corporation’s outstanding common stock. The repurchase plan authorizes management to repurchase from time to time up to 10% of the total outstanding shares of common stock as of December 8, 2007, subject to applicable SEC regulations and compliance with the Company’s trading window policies.
