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Bullboard - Stock Discussion Forum Wheels Group Inc GRFJF

GREY:GRFJF - Post Discussion

Wheels Group Inc > Stock Repurchases
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Post by keizaigakusha on Jan 04, 2009 2:29am

Stock Repurchases

...according to canadianinsider.com, WGI repurchased 2.279 million shares of itscommon stock at $1.36 per share average price during Q4.  This is good, however,scrolling further down, one can see management granted itself a nice 900,000shares in options. So, net on net, WGI only really repurchased 1.379 millionshares.  I am for good management compensation, but 900,000 in options just forthe top three executives alone does seem a bit excessive....
Comment by babedinkleman on Jan 06, 2009 8:17pm
This post has been removed in accordance with Community Policy
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