40 mil new share buy back

With only 33 million shares out there, this could represent around 5%. Very solid company growing, very little debt, management see this as a prudent move for them and to increase share holder value.

I don't expect this to stay under 10 for too long. So i recently took a long position and expect that in future it tests previous highs. It previously bought 40 mil share buy back much higher, near the 12 range. In time i think it will pay off for them and investors. Seems like a bargain under 8 at these depressed levels and market lows. I think the old adage applies here buy low and sell high. This might be the lows since the chart is suggesting a new uptrend is in place, very limited downside at these levels and considerable upside. A perfect stock to be long in.

http://biz.yahoo.com/ap/080815/silicon_motion_share_repurchase.html?.v=1