Rosetta Stone Launches Stock Buyback Program

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Rosetta Stone aims to boost the value of its common stock by repurchasing a chunk of its outstanding common shares. The company's board has authorized a buyback program for up to $25 million worth of stock. The program will be in force for two years.

The buybacks will be effected through both open-market and privately negotiated transactions, Rosetta Stone said.

In the press release announcing the move, the language learning software purveyor quoted CEO Steve Swad as saying that "going forward, we expect to fund opportunistic share repurchases through existing cash balances and cash generated from operations, while maintaining ample liquidity to fund operations and pursue selective acquisition opportunities."


Currently, Rosetta Stone has 21.8 million shares outstanding. Its stock most recently closed at $15.50 per share. 

The article Rosetta Stone Launches Stock Buyback Program originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in Rosetta Stone. The Motley Fool recommends and owns shares of Rosetta Stone. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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