OLI recorded this information on 6/29/2015
Cinedigm Corp. (NASDAQ:CIDM) today announced that its Board of Directors has approved a stock repurchase program authorizing the Company to repurchase up to an aggregate of $5 million of its outstanding Class A common stock.
Cinedigm is a distributor and aggregator of independent movie, television and other short form content managing a library of distribution rights to several titles and episodes released across digital, physical, and home and mobile entertainment platforms as well as a servicer of digital cinema assets on several domestic and foreign movie screens. Co.'s segments are: Cinema Equipment Business, which provides monitoring, collection, verification and management services; and Content & Entertainment Business, which collaborates with producers and other content owners to market, source, curate and distribute independent content to audiences in theatres and homes, and via mobile and platforms.
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Strong Buy (4.00 out of 4)
(ranked higher than approx. 96% of all stocks covered)
Based on Zacks ABR data;
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