Recommended Stocks In the News: Marine
Products Corporation Reports Stock Buyback
10/10/03
A 260% return is what subscribers have reaped by buying Marine
Products when we recommended them in June 2001. Meanwhile,
the S&P 500 has fallen 18%. Today the company released
news of their stock buyback:
ATLANTA, PRNewswire-FirstCall/ -- Marine
Products Corporation (Amex: MPX) today reported that during
its fiscal quarter ended September 30, 2003 it had purchased
for cash on the open market, and retired, a total of 6,200
shares of its $0.10 par value common stock. The stock buyback
program authorizes the repurchase of up to one million shares.
Marine Products Corporation (Amex: MPX)
designs, manufactures and distributes premium-branded Chaparral
sterndrive pleasure boats and Robalo outboard offshore fishing
boats, and continues to diversify its product line through
product innovation and strategic acquisition. With premium
brands and a solid capital structure, Marine Products Corporation
is prepared to capitalize on opportunities to increase its
market share and to generate superior financial performance
to build long-term shareholder value. For more information
on Marine Products Corporation visit http://www.marineproductscorp.com.
SOURCE: Marine Products Corporation
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