Duckwall-ALCO Stores Announces Resumption of Stock Repurchase Program
26 Janeiro 2012 - 3:46PM
Duckwall-ALCO Stores, Inc. (Nasdaq:DUCK) announced today that it is
resuming the Company's stock repurchase program.
The original buy-back authorization in 2006 had approved the
repurchase of 200,000 shares. Of those 200,000 shares, 25,534 have
been repurchased at various times, leaving 174,466 shares available
to be repurchased.
Duckwall-ALCO Board Chairman Royce Winsten said, "The Board
believes it to be a good use of shareholders' capital to buy the
Company's stock at current prices. We are confident this decision
will benefit our shareholders in the long run."
About Duckwall-ALCO Stores, Inc.
Duckwall-ALCO Stores, Inc. is a broad-line retailer, primarily
located in small underserved communities across 23 states. The
Company has 216 ALCO stores that offer both name brand and private
label products of exceptional quality at reasonable prices. We are
proud to have continually provided friendly, personal service to
our customers for the past 111 years. To learn more about the
Company, visit www.ALCOstores.com.
The Duckwall-ALCO Stores, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5865
Forward-looking statements
This press release contains forward-looking statements, as
referenced in the Private Securities Litigation Reform Act of 1995
("the Act"). Forward-looking statements can be identified by the
inclusion of "will," "believe," "intend," "expect," "plan,"
"project" and similar future-looking terms. You should not rely
unduly on these forward-looking statements. These forward-looking
statements reflect management's current views and projections
regarding economic conditions, retail industry environments, and
the Company performance. Forward-looking statements inherently
involve risks and uncertainties, and, accordingly, actual results
may vary materially. Factors which could significantly change
results include but are not limited to: sales performance, expense
levels, competitive activity, interest rates, changes in the
Company's financial condition, and factors affecting the retail
category in general. Additional information regarding these and
other factors may be included in the Company's 10-Q filings and
other public documents, copies of which are available from the
Company on request and are available from the United States
Securities and Exchange Commission.
CONTACT: Wayne S. Peterson
Senior Vice President - Chief Financial Officer
785-263-3350 X164
email: wpeterson@ALCOstores.com
Debbie Hagen
Hagen and Partners
913-642-6363
email: dhagen@hagenandpartners
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