Seeking Alpha

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

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%.
Comments (1)
  • DagnyTaggart
    , contributor
    Comments (486) | Send Message
     
    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
DJIA (DIA) S&P 500 (SPY)
ETF Hub
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