Eman93
4,750 posts
msg #77458
- Ignore Eman93 |
8/11/2009 9:03:21 PM
John,
I think you had TLAB last week..... it broke out with some VOL must have had some good news...
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Eman93
4,750 posts
msg #77459
- Ignore Eman93 |
8/11/2009 9:05:07 PM
NEW YORK, Aug 11 (Reuters) - Shares in communications equipment maker Tellabs Inc (TLAB:$6.15,00$0.25,004.24%) rose 4.4 percent on Tuesday after the company announced it would resume share repurchases.
Tellabs (TLAB:$6.15,00$0.25,004.24%) announced late on Monday it would buy back up to $200 million in shares over the next four quarters under a previously-announced repurchase program. The company had curtailed buybacks since the fourth quarter of 2008 as it evaluated its use of cash.
Analysts said Tellabs (TLAB:$6.15,00$0.25,004.24%) , which has no debt, would have a robust balance sheet even after more repurchases and some said the move showed it was not planing on major acquisitions.
"The buyback reiterates management's commentary that Tellabs (TLAB:$6.15,00$0.25,004.24%) is not interested in using its $2.4 billion cash balance to make a large-scale acquisition," said Steven O'Brien, analyst at J.P. Morgan.
Tellabs (TLAB:$6.15,00$0.25,004.24%) shares rose 26 cents to $6.16 by late morning trade.
The company had also announced that Chairman Michael Birck plans to sell up to 3 million Tellabs (TLAB:$6.15,00$0.25,004.24%) stock on the open market to repay family-related debts. (Reporting by Ritsuko Ando, editing by Gerald E. McCormick)
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johnpaulca
12,036 posts
msg #77462
- Ignore johnpaulca |
8/11/2009 9:16:13 PM
johnpaulca
- Edit message 7/24/2009 1:18:53 AM
TLAB....watch this stock.
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It was a Booya buy back on 7-23-09....thanks E.
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johnpaulca
12,036 posts
msg #77473
- Ignore johnpaulca |
8/12/2009 9:13:15 AM
FPL($57.48).... will pick up some today...they had decent numbers, it's been accumulated, good for a swing trade.
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johnpaulca
12,036 posts
msg #77474
- Ignore johnpaulca |
8/12/2009 9:19:30 AM
IVAN....$1.44.....booya buy....quick scalp, not something to hold.
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johnpaulca
12,036 posts
msg #77475
- Ignore johnpaulca |
8/12/2009 9:26:18 AM
TOL...posted decent numbers, running in PM. The "BZH" is also running with it.
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johnpaulca
12,036 posts
msg #77476
- Ignore johnpaulca |
8/12/2009 9:30:01 AM
Canadian/US dollar hitting resistance at lower BB40 maybe commodities will ge a little reprieve today.
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johnpaulca
12,036 posts
msg #77477
- Ignore johnpaulca |
8/12/2009 9:45:00 AM
XTO...on the move
YRCW....got a nice fill at the open
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johnpaulca
12,036 posts
msg #77478
- Ignore johnpaulca |
8/12/2009 9:48:31 AM
SGY...rocketting
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johnpaulca
12,036 posts
msg #77481
- Ignore johnpaulca |
8/12/2009 10:16:00 AM
TWM...$32.79(long) will scalp a bounce
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