Huang Cheng-Ming currently owns 1.07 million shares of $GIGM stock. We would like to see this stock trade down to the low $2s or even sub $2 before taking a sizable position. However, we believe the current market price of $2.47 provides a decent opportunity.
$CXW
-Announced an increase in share buybacks by $75 Million
-Brings total share repurchase to $225 Million
-Company repurchased 4.2 million for $50.6 million ($12.05 a share)
-Current stock price $10.90
-Much healthier balance sheet than $GEO