Robert Robotti Eyeing Opportunity in Tidewater (TDW); Facebook (FB) Reveals Significant Share Buyback Plan

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After the closing bell Friday, Robert E. Robotti disclosed in a regulatory filing ( SC 13D/A ) with the U.S. Securities and Exchange Commission (SEC) a 9.3% stake (4,373,750 shares) in Tidewater Inc. (NYSE:TDW). Just the previous week – on November 11 -, he reported in a SEC filing ( SC 13D/A ) an 8.3% stake (3,882,650 shares) in the company

Tidewater recently delivered in its second-quarter fiscal 2017 financial results, revenues of $143.7 million and a net loss of ($178.5) million, or ($3.79) per share for the period

TDW stock finished the regular session at $2.23, up $0.25 (or +12.63%), and 1.59M of its shares changed hands on Friday.

Tidewater, which provides offshore service vessels and marine support services to the offshore energy industry, has 47.07M Shares Outstanding, Market Capitalization (intraday) of $104.96M and TDW stock 52-week range is between $1.44 and $11.58 per share

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Facebook Inc. (Nasdaq:FB) disclosed Friday in a SEC filing ( 8-K ) that its Board of Directors has approved a share buyback program of up to $6.0 billion of the company’s Class A common stock. The social network giant company expects to start it in the first quarter of 2017 and the timing and actual number of shares repurchased will depend on price, market conditions and other factors

FB stock closed at $117.02, down $0.77 (or -0.65%), with a total volume of 22.88M shares traded during the day

Facebook, engaged in developing products that enables users to connect and share through mobile devices and personal computers, has 2.34B Shares Outstanding, Market Capitalization (intraday) of $339.24B and FB stock one-year range is from $89.37 to $133.50 per share

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