Boston, MA 04/04/2014 (wallstreetpr) – Bright Horizons Family Solutions Inc (NYSE:BFAM) is a provider of childcare and education services. Its solutions are geared towards helping employers and families address issues of balancing work and life. The company is playing into the growing needs of organizations around the world which seek to offer the best employee packages so as to improve workplace engagement, productivity and retention.
Bright Horizons already operates a wide range of childcare facilities with a capacity to expand more in the U.S. and internationally. In order to achieve its international growth plans, the company last year acquired Kidsunlimited which operates nurseries in England and Scotland.
With a respectable management, textbook business plan and unmatched client engagement, Bright Horizons Family Solutions Inc (NYSE:BFAM) is focused on satisfying shareholders while remaining the industry leader.
Talk about satisfying shareholders and the company this week announced the approval of shares buyback program amounting to $225 million.
Unanswered questions
While shares of Bright Horizons Family Solutions Inc (NYSE:BFAM) are already hitting high on the news of stock repurchase approval, a few things are not very clear yet about the buyback program. First and foremost, the company left it all up for speculation about when the repurchase will be done and only issued a generalized statement that shares will be repurchased from time to time. Also, it is not yet known the amount of shares that will be bought back through the newly approved program.
Even so, the management stated that determination of when and how many shares to be repurchased will be dependent on conditions such as market price of the shares, economic conditions and legal requirements. In a nutshell, looking at the statement announcing the repurchase approval, it is obvious that there isn’t a lot of clarity yet over the issue.
Takeaway
It is indeed plausible that the board of Bright Horizons Family Solutions Inc (NYSE:BFAM) has approved a program to return value to shareholders. Yet, investors should keep a tab on the stock for more clarity on the repurchase program.
