- Tile Shop Holdings Inc (NASDAQ:TTSH) Board has authorized a share repurchase program for up to $30 million.
- “We believe our shares are currently undervalued and based on the strength of our balance sheet, coupled with our long-term outlook, an opportunity exists to create value for our shareholders while continuing to invest in our key strategies,” said CFO Karla Lunan.
- TTSH intends to fund the repurchase using its existing cash and equivalents, borrowings against its revolving line of credit, and future cash flow.
- The company had $10.5 million of cash and equivalents and $92.6 million available for borrowing on its revolving line of credit as of June 30, 2022.
- Price Action: TTSH shares are trading higher by 7.56% at $4.27 on the last check Tuesday.
Why Jaguar Health Stock Is Tanking
Jaguar Health shares are falling Monday after the company announced a 1-for-60 reverse stock split. The company will effect a reverse stock split at an exchange ratio of 1-for-60, on Thursday, in order to support the company's compliance with Nasdaq's listing standards.
