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EmeraldX

Change of Strategy: Emerald Board Tells Company Managers to Buy Stock…Theirs

October 13, 2020 by Ted Leave a Comment

Emerald Holding logo

Emerald Holding, Inc. (Formerly Emerald Expositions Events, Inc.) [NYSE: EEX], the company that owns the CEDIA Expo show and CE Pro, announced last week that its Board of Directors has authorized company managers to purchase up to $20 Million of Emerald’s stock in a share buyback program. As Strata-gee noted back in May in a report on the company’s large fiscal first quarter loss, this program had previously been suspended when cash had tightened up after the cancellation of their events due to COVID-19.

Now the company has been recapitalized, thanks to help from sugar daddy Onex who now owns more than 80% of the company, and – gosh – the stock is so darn cheap. Maybe now is the time to buy…

See more on this stock purchase by Emerald

[Read more…] about Change of Strategy: Emerald Board Tells Company Managers to Buy Stock…Theirs

Filed Under: Financial, Management, News, Shows & Events, Strategy Tagged With: CEDIA Expo, Emerald Expositions, Emerald Expositions Events, Emerald Holding Inc., EmeraldX, Onex Corporation

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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