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ACI Worldwide, Inc. stock price
ACI Worldwide, Inc. latest news:
Build-A-Bear completes strategic review, to buy back $20 million of its own shares
Build-A-Bear Workshop Inc. said Monday it has concluded a review of its strategic alternatives and decided to buy back up to $20 million of its own shares. "Adoption of the share repurchase program reflects our belief that our stock represents an attractive investment opportunity," Chief Executive Sharon Price John said in a statement. The company has returned to sustained profitability and has strong cash flow and a flexible capital structure, she said. "We believe Build-A-Bear Workshop will have the capacity to repurchase our stock while still deploying capital to facilitate the attainment of our next stated objective of sustained profitable growth," she said. The strategic review was comprehensive, she said, without providing details. Build-A-Bear has about 400 stores worldwide where children and adults can create and dress their own toy bears. Shares were not active premarket, but have fallen 37% in 2017, while the S&P 500 has gained 8.3%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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