Crown Crafts (CRWS) Announces $2M Share Repurchase Plan
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Crown Crafts, Inc. (Nasdaq: CRWS) authorized a new share repurchase program pursuant to which the Company may spend up to $2 million in the aggregate to repurchase outstanding shares of the common stock of the Company through December 31, 2009.
"The share repurchase program underscores the financial strength of Crown Crafts," commented E. Randall Chestnut, Chairman, President and Chief Executive Officer of the Company. "We believe the price of the Company's shares is an extraordinary value in light of the Company's performance during trying economic times," Mr. Chestnut continued.
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