Why The Buybacks At Diasonics?

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.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.