Seeking Alpha

Javelin boosts buyback; makes a board change

  • The stock repurchase authorization is raised to 3M shares from 2M previously. With the boost, the company currently has permission to buy back another 1.49M shares.
  • Thomas Guba - on the board since 2012 - is appointed lead independent director.
  • Javelin is externally managed by the same team which externally manages Armour Residential (ARR) and Armour made nearly identical moves today, though Javelin's buyback program - under pressure from an activist investor - has previously been more aggressive than Armour's.
  • Press release
  • JMI no trades premarket
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Comments (1)
  • fuccim99
    , contributor
    Comments (4) | Send Message
     
    Thank you Mr. Christopher Davis - I bought JMI on his recommendation and detailed analysis. I also bought ARR on my own based on the same logic.
    6 Mar 2014, 08:17 AM Reply Like
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