Power One (PWER) Up On 10 Million Share Buyback Program

Posted by Tate Dwinnell | # |
07:58:05 am on September 22, 2010

It’s been a rough few weeks for shares of Power One (PWER) as the stock continues to correct after a huge run in the past year, but is seeing some buy interest this morning after it was announced that management has approved a 10 million share buyback program.  It’s authorized for two years and begins immediately.

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"This repurchase program highlights the confidence we have in our cash flow generation and indicates our ongoing commitment to improving shareholder value," commented Richard Thompson, CEO of Power-One.

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