West Marine Inc. (WMAR) Friday said it has authorized a new share repurchase program of up to $10 million.
West Marine currently plans to implement the repurchase program after the release of results for the second quarter of 2013.
Chief Executive Matthew Hyde said, "Our strong cash flow and solid financial position enable us to carry out this repurchase program, on a measured basis, without limiting our ability to invest capital in our key growth strategies."
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