Mail Boxes Etc. will buy back 100,000...

Mail Boxes Etc. will buy back 100,000 shares of its 2 million shares of outstanding common stock, the San Diego-based company said Wednesday. Mail Boxes will pay cash for the stock, according to President and Chief Executive Tony DeSio.

DeSio, who acknowledged that Mail Boxes’ stock “has been showing some weakness,” described the stock purchase as “a good investment for the company because we’ve been showing some substantial increases in earnings.”