Why would a company wwho only sell stock to its employees send a letter and say they were buying it back from you. It is at 61.XX a share and they are paying everyone $63. I dont have any but this makes me wonder what is going on here. The company is a fairly large one with divisions in Indiana and Tennesee. Do you think they could be selling out? They haev never done this before.

 

Do they not have full market share right now? They might be making some big changes and don't want to get over-ruled

 

Found this: http://stocks.about.com/od/understan...buyb122204.htm

Either to keep financial control of the company or they are just investing in themselves.

 

Nocturnx I think you hit it right, I found out they were buying back their stock and converting to a Subchapter S situation. Taxing thing and regaining control. Had me worried they might be selling out and where that would leave me. Suppose that could still happen but hopefully not.

 

At least your making out on the price of the stock. Assuming you paid less than $63 after brokerage fees.