Monrovia's AeroVironment to Buy Back Some of Its Stock
Monrovia's drone-maker, AeroVironment, has announced that it plans to buy back 23.5 million shares in common stock because the company believes it is undervalued. http://goo.gl/VYbAVD
Their stocks have dropped by about a fifth over the last couple of months (an analyst had downgraded the stock), so assuming they think they're on the right track, this might be a smart move by the company.
Their stocks have dropped by about a fifth over the last couple of months (an analyst had downgraded the stock), so assuming they think they're on the right track, this might be a smart move by the company.
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