Duckwall-ALCO Stores (DUCK) Reinstates 175.5K Buyback Plan
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Duckwall-ALCO Stores, Inc. (Nasdaq: DUCK) announced today that it is resuming the Company's stock repurchase program.
The original buy-back authorization in 2006 had approved the repurchase of 200,000 shares. Of those 200,000 shares, 25,534 have been repurchased at various times, leaving 174,466 shares available to be repurchased.
Duckwall-ALCO Board Chairman Royce Winsten said, "The Board believes it to be a good use of shareholders' capital to buy the Company's stock at current prices. We are confident this decision will benefit our shareholders in the long run."
The original buy-back authorization in 2006 had approved the repurchase of 200,000 shares. Of those 200,000 shares, 25,534 have been repurchased at various times, leaving 174,466 shares available to be repurchased.
Duckwall-ALCO Board Chairman Royce Winsten said, "The Board believes it to be a good use of shareholders' capital to buy the Company's stock at current prices. We are confident this decision will benefit our shareholders in the long run."
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