Avigilon ~$18 Million Stock Buy Back Again
Earlier this year, with the stock trading in the ~$18 range, Avigilon bought $39 Million of their own stock. Now, the stock is down under $12.
But Avigilon's confidence in itself has not waned, with their recent purchase of another $18 million in stock.
In this note, we examine the move and its competitive impact.
Buyback *******
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Price ******** ******** ** ********
**** *****, *** ***** ********* ****** the ****** ** *** *******. ** May / ****, *** ***** **** from $**.** ** $**.**. ** ********* / *******, *** ***** **** **** $11.46 ** $**.**. *******, *** ***** is *** **** **** ** $**.** as *** **** ** **** ***********.
$100 ******* ********* ******* $** ******* ******
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***********, **** **** * *** ** money. *** ~$** ******* ****** ** the ******* ** ~** ***** *** ****** for **** ** ***.
** *** ***** ****, **** ***** into *** ******** / ******** **** many ********* **** *** **** (*.*., ******** '************ **********' / '*************' ***, ******** *** ***** ** ******* ******** Confidence) ** ********.
*******
******** ** ***** **** **** ***** price ** ~$**, *** ***** ** ~$12 *** **** *****. *******, ***** the ***** ******* ** ********'* ******* growth **** *** *** ********** *************** / ********** ** *** ***** ************ industry, ***** ** * **** *********** that *** ***** **** *** ** much ****** ** *******.
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