RE:Opinions neededI think what they were trying to achieve is to undercover value in their own debentures. It is common practice for corporations to purchase their own stock at strategic times, but they must first gain approval from the index they are listed on. Clarke Inc. must feel that if the current market price of their debentures ever falls to a level where they can uncover investor value by repurchasing them, they no doubt want to leave the option open. When they repurchase and cancel them they add to the shareholders value by not adding to dilution. Will they then offer future debentures when the market price appreciates? Why not, it would be genius too. Always Do your own DD.
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