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Stock Market & Financial Investment News

News Breaks
August 17, 2012
13:42 EDTPFINTimothy Stabosz cuts stake in P&F Industries to 4.8% from 5.4%
Noting recent increases in P&F's trading price, Stabosz' sales primarily reflect his current view of the opportunity cost of owning P&F, relative to a number of alternative investments he deems as more deeply undervalued.
News For PFIN From The Last 14 Days
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October 15, 2014
15:03 EDTPFINP&F Industries repurchases 208,325 shares of its common stock
P&F Industries announced that effective October 14, it repurchased 208,325 shares of its common stock from Timothy J Stabosz in a privately negotiated transaction, pursuant to a purchase agreement, at $7.60 per share for a total purchase price of $1,583,270. Richard Horowitz, Chairman and CEO of the company, commented, "This transaction enables us to make attractive use of our capital to acquire a meaningful block of company common stock at a favorable price. The repurchase should be immediately accretive to earnings per share."Pursuant to the purchase agreement, Mr. Stabosz will be bound by a three-year standstill provision.

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