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Diamond Hill Capital Comments on Steiner Leisure Ltd

Consumer products and services company Steiner Leisure Ltd. ( STNR ) declined after the company reported its first quarter earnings. The company did not repurchase shares during the quarter despite declines in its stock price following the late 2013 announcement of a non-renewal by Celebrity Cruise Lines. In addition, the quarter reflected continued weakness in the company's Ideal Image laser hair removal business. Later in the quarter, the company announced a 10b5-1 plan under which the company can repurchase shares according to a pre-set plan.

From Diamond Hill Capital ( Trades , Portfolio )'s Small Cap Fund Second Quarter 2014 Commentary.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .

This article first appeared on GuruFocus .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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