The Nautilus Group Inc. has announced a share buyback program. The board of directors of the health and fitness direct marketers authorized management to repurchase up to $30 million of the company’s common stock from October through Jan. 31, 2003. The Vancouver, WA-based company reported net sales of $152.9 million, and net income of $25.1 million. "Given our expectations of continued strong positive
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The Nautilus Group Inc. has announced a share buyback program.
The board of directors of the health and fitness direct marketers authorized management to repurchase up to $30 million of the company’s common stock from October through Jan. 31, 2003.
The Vancouver, WA-based company reported net sales of $152.9 million, and net income of $25.1 million.
"Given our expectations of continued strong positive cash flows and prospects for long-term growth, we believe our stock is undervalued and that stock repurchases will benefit the company and our shareholders," said CEO Brian Cook, in a statement.
