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turm, Ruger Announces the Repurchase of 4.3 Million Shares of Its Common Stock at $5.90 Per Share
September 26, 2006
Sturm, Ruger & Company, Inc. (NYSE:RGR) today announced that the Company repurchased 4,272,000 shares of its common stock, representing 15.9% of the total shares outstanding from its largest shareholder, Ruger Business Holdings, L.P. The purchase price of $5.90 per share results in a total purchase price of $25,204,800. Yesterday, the closing price of the Company’s stock on the New York Stock Exchange was $7.32. Following this transaction, the Company’s total number of outstanding shares is 22,638,720.

Ruger Management, Inc. is the sole general partner of Ruger Business Holdings, L.P. and is owned by William B. Ruger, Jr. and Carolyn R. Vogel, the son and daughter of Company founder William B. Ruger. Mr. Ruger, Jr. resigned as Chairman of the Board of Directors of Sturm, Ruger & Co., Inc. on February 13, 2006, and retired as its Chief Executive Officer on February 28, 2006. The William B. Ruger Revocable Trust of 1988 is the sole limited partner of Ruger Business Holdings, L.P.
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The way Ruger has been doing lately, I am not sure what to make out of this. Anybody have any clues?
 

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I'd think it was a positive action on managements part. If they didn't think it was going to me more successful in the future, they wouldn't be buying more stock, they would be selling.
 

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Buy backs usually mean the company is doing good and wants to control its own destiny. Means they have the money/credit for the buy back.
 

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This just gives them more say so on any major changes. I just hope their not going to get their frames or barrel made in China. Just Thinking...
 
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