Rocky Mountain Chocolate Factory, Inc. Buyback
OLI recorded this information on 1/13/2015
Company:
Rocky Mountain Chocolate Factory, Inc.
Buyback:
RMCF buyback
$Amount Authorized:
$3,000,000
Buyback Details:
Rocky Mountain Chocolate Factory, Inc. (NASDAQ: RMCF) (the "Company") today announced that its Board of Directors has authorized the repurchase of up to $3.0 million of the Company's outstanding common stock in the open market, or in private transactions, whenever deemed appropriate by management. This represents an increase of $2,058,000 in the share repurchase authorization, as the Company still has $942,000 in share buyback funds available under an authorization approved by the Board in July 2014.
Rocky Mountain Chocolate Factory is an international franchisor, confectionery manufacturer and retail operator. Co. manufactures a line of chocolate candies and other confectionery products. Co. also sells its candy in select locations outside of its system of retail stores and licenses the use of its brand with certain consumer products. Co. has one Co.-owned, several licensee-owned and franchised Rocky Mountain Chocolate Factory stores operating in various states, Panama, and the Philippines.
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Avg. Broker Rec.
 
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Buy (3.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
