Global Sources (NASDAQ: GSOL) stock rode the Alibaba.com wave up to a 52 week high of US$35 in October before dropping recently to below US$14.

One reason is that the company reported the end of January that it expected lower fourth-quarter profit and revenue than forecasted due to a write-down and compensation expenses.

Keep in mind that Global Sources is viewed as the pioneer for the trade media industry with a 35 year history and well seasoned management (senior and middle). The company has many growth prospects (mainly tied to their trade show business) and perhaps the stock has been oversold due to current market volatility/paranoia.

You decide but apparently the company believes in what they are doing by announcing a share buy back up to US$50 million.

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