I bought at $60. It just keeps going and going. It's getting fully priced as it approaches the $80s. Whatcha think?
Ram
Twin Disc Up on Expanded Buyback Program.......
Twin Disc, Inc. (TWIN) announced on Friday that the Company has authorized
the repurchase of up to 500,000 additional shares, or roughly
4.5 percent of its common stock outstanding. The buyback expands on
a previously announced program that had 140,000 shares remaining.
Twin Disc gained almost 6% on the news, up $3.21 over Thursday's
close to reach a session high of $59.71. Chairman and CEO Michael
Batten stated in Friday's release, "This is the third stock repurchase
program that we have initiated during the last 12 months. We are committed
to use our capital in ways that provide the greatest return to our
shareholders." Twin Disc designs, manufactures and sells marine and
heavy-duty off-highway power transmission equipment. Products offered
include marine transmissions, surface drives, propellers and boat
management systems, as well as power-shift transmissions, hydraulic
torque converters, power take-offs, industrial clutches and control systems.
The Company has posted TTM revenues of $332.7 million with a
net margin of 5.29%.
chart update on ER.