Jewett buybacks craziness continues…

Jewett released an interesting 8k…

The Company is announcing the successful completion and early termination of its 10b5-1 share repurchase plan previously announced on January 17, 2012. Under the Plan, the Company repurchased a total of 290,486 shares of its common stock. The total cost was $2,621,440 at an average price of $9.02 per share. 248,587 of the repurchased shares were cancelled during the 2nd quarter of fiscal 2012 ended February 29, 2012. 41,899 shares were repurchased and cancelled during the 3rd quarter of fiscal 2012 ending May 31, 2012. As of May 11, 2012, the Company has 1,567,971 common shares outstanding.

Disclosure : Author is Long JCTCF.

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Posted in JCTCF

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