Re: BFI November [censored] thread
hmmm... then there's this part, which has confusd me even more:
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In the 2007 third quarter the Company repurchased 12,662 shares of its common stock under the Company's previously announced Stock Repurchase Plan ('Plan'). That Plan was terminated upon the announcement of the Dutch auction Tender Offer on August 20, 2007," Mr. Mathewson said.
"Our total balance of cash, cash equivalents and restricted cash at September 30, 2007 remains strong at $17.7 million after paying $2.5 million in dividends, spending $5.1 million on our capital spending program and $486,000 repurchasing 32,661 shares of Aldila common stock during the nine month period ended September 30, 2007. Of this cash balance, $6.2 million was used to settle the Company's Dutch auction Tender Offer during the first week of October. Although our inventories have risen to $16.1 million at the end of the 2007 third quarter, we fully expect them to be reduced by year end," said Mr. Mathewson.
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