Nature's Sunshine Continues Buyback ProgramNature's Sunshine Continues Buyback Program
October 21, 2002
Nature's Sunshine Continues Buyback Program
PROVO, Utah--Nature's Sunshine Products Inc. (NASDAQ:NATR)reported Sept. 12 that its board of directors approved a new stock repurchaseprogram for up to 1 million additional shares of common stock. The company hadpreviously completed the repurchase of another 1 million shares it hadauthorized in February 2001 at an average price of $11 per share.
The company approved the buyback plan because its board believed the stockwas undervalued. Over the last two years, Nature's Sunshine has repurchasedapproximately 2.5 million shares of common stock on the open market; there arestill 15.7 million shares currently outstanding.
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