We also continue to focus on increasing shareholder value by returning cash to shareholders through share repurchases. As many of our long-term holders know, since 2007, we have essentially completed our first 2 share repurchase programs, even during the financial crisis in the fall of 2008. We've done this while continuing to invest in positioning the company for future growth around the world by realigning operations in mature markets and investing in new facilities in emerging markets. Given our strong anticipated liquidity position, we have the flexibility to take full advantage of this repurchase program to return more value to our shareholders.
Flowserve's CEO Discusses Q3 2011 Results - Earnings Call Transcript
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