Posted at 11:06 a.m., Thursday, September 20, 2007
Barnwell Industries to buy back 150,000 shares
Advertiser Staff
Honolulu-based Barnwell Industries Inc. today announced that it will buy back up to 150,000 shares of its own stock between on Sept. 24 and March 24.The company said its board of directors believes that the current market price for Barnwell's common stock does not reflect the intrinsic value of the shares. Barnwell's shares closed at $15.38 a share on the American Stock Exchange today.
