Courier Corporation Buyback
OLI recorded this information on 11/20/2012
The Board of Directors also authorized the repurchase of up to $10 million of the Company's outstanding common stock to be carried out over the next twelve months. Share repurchases will take place from time to time at management's discretion depending on market conditions, share price and other factors, either on the open market or privately negotiated, and may include repurchases pursuant to Securities and Exchange Commission Rule 10b5-1 nondiscretionary trading programs. The share repurchase program may be suspended or terminated at any time without prior notice.
Courier, together with its subsidiaries, is a book manufacturer and is engaged in content management. Co. has two operating segments: book manufacturing and publishing. The book manufacturing segment focuses on streamlining the process of bringing books from the point of creation to the point of use. The publishing segment consists of Dover Publications, Inc. (Dover) and Research & Education Association, Inc. (REA). Dover publishes titles in various categories including children's books, literature, art, music, crafts, mathematics, science, religion and architecture. REA publishes test preparation and study guide books for high school, college and graduate students, and professionals.
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Hold (2.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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