Class A motorhome manufacturer Rexhall Industries Inc. announced plans today to buy-back up to 250,000 shares of its own stock.
The 250,000 shares represent 8% of Rexhall’s 3.2 million outstanding shares.
The company announced the repurchase program because it believes its stock currently is undervalued.
Rexhall will buy-back its shares in open market transactions. Its shares trade on the Nasdaq Stock Market.