Why The Buybacks At Diasonics?By
Some smart-money investors are rediscovering Diasonics, a maker of X-ray and ultrasound systems, following the company's heavy stock repurchase in 1990. The shares, which climbed from 1 3/4 in November to 2 3/4, traded as high as 5 in 1989. One pro thinks management has "something up its sleeve" in buying back a total of 14.5 million shares since last summer, which has reduced shares outstanding from 72 million to 58 million.
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