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.

JMI no trades premarket

From other sites
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
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs