Re: Perplexing price action this morning...
posted on
Nov 15, 2006 07:29AM
You'll note that shares outstanding increased to 384 million. One scenario could be that S & L has to sell a portion of those shares to maintain their 9.9% holdings.
Hopefully yesterday was the cleanup.
Though I'll have a lot more confidence when we buy back shares and the amount of shares outstanding goes down.