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USANA stock purchase

This article was originally published in The Tan Sheet

Executive Summary

Salt Lake City-based firm's board of directors authorizes up to $10 mil. for additional repurchases of outstanding common stock shares Nov. 19. The repurchase will be funded with internally generated cash and made at the discretion of the management "in the open market, through block trades or otherwise," USANA says. The direct seller has purchased roughly 1 mil. shares of common stock since January at an aggregate purchase price of $29 mil. Approximately 19,062,000 common shares of USANA were outstanding as of Nov. 5...
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