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Its stock falling 30% in less than 2 sessions following an earnings miss, the board of online...

  • Tuesday, May 17, 2011, 3:09 PM ET
    Its stock falling 30% in less than 2 sessions following an earnings miss, the board of online foreign exchange provider FXCM authorizes a $30M share buyback. FXCM now gets to repurchase for $9 what it sold for $14 in an IPO just 6 months ago. FXCM -8.0%.
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    Wish more companies would do this. Sell when over-valued (most IPO's) and buy back when undervalued. The traders and Wall Street would hate them for it but for the long term investor its basically free equity.
    17 May 2011, 03:27 PM Reply Like
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