article · 2007-07 · downrange.tv
DOWN RANGE TV Sturm, Ruger & Company, Inc. Announces $20 Million Stock Repurchase Program
Sturm, Ruger & Company, Inc. (NYSE-RGR), announced Friday that its Board of Directors authorized a stock repurchase program. The program allows the Company to repurchase up to $20 million of its common stock from time to time in the open market or through privately negotiated transactions. Chairman of the Board, Vice Admiral (ret) James E. Service commented, "We have generated significant cash flow through improved management of our assets and this new stock repurchase program gives us the flexibility to take advantage of market opportunities." Over the last 6 months, the Company has reduced
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