02-20-2016, 07:23 PM
MasterCraft approves stock-buyback program
MCBC Holdings, the parent of MasterCraft Boat Co., said today that its board authorized share repurchase activities using a portion of the company’s growing cash balance. “The board and senior management strongly believe that MasterCraft’s free cash flow, growth prospects and long-term strategy are not reflected by the company’s current stock price,” MasterCraft board chairman
MCBC Holdings, the parent of MasterCraft Boat Co., said today that its board authorized share repurchase activities using a portion of the company’s growing cash balance. “The board and senior management strongly believe that MasterCraft’s free cash flow, growth prospects and long-term strategy are not reflected by the company’s current stock price,” MasterCraft board chairman
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