Program Extended: Clothestime Inc., the Anaheim-based clothing...
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Compiled by Greg Johnson Times staff writer
Program Extended: Clothestime Inc., the Anaheim-based clothing retailer, said its board of directors had extended a stock repurchase program through Dec. 31. The extension will enable the company to purchase up to 500,000 shares of stock through open-market purchases. Companies typically buy back stock when executives believe the stock is undervalued. Clothestime was unchanged at $5.125 on Nasdaq trading Tuesday.
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