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What: Shares of Chinese IT services expert Camelot Information Systems
So what: Desperate to reverse a 54% fall from annual highs, Camelot announced a $20 million share repurchase program, and there was much rejoicing. The buybacks are financed from Camelot's $119 million of debt-free cash balances.
Now what: Camelot has taken some flak lately after fellow China-based IT services firm Longtop Financial
Interested in more info on Camelot Information Systems? Add it to your watchlist.
Fool contributor Anders Bylund holds no position in any of the companies discussed here. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool is investors writing for investors.