- 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.
Tesla’s NACS Charging Revolution Explained: Who’s In And Who’s Out So Far
In recent years, the electric vehicle industry has witnessed a significant shift in charging standards, particularly in North…
