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Buyback

Buyback bet on Brocade (BRCD)
2008-11-18 06:00:00
David Fried (http://www.thestockadvisors.co-m/ccount/click.php?id=2572) focuses on stocks undertaking share repurchase programs. Here, in his industry-leading The Buyback Letter (http://www.thestockadvisors.co-m/ccount/click.php?id=2572), he looks at Brocade Communications (http://www.thestockadvisors.co-m/quote.htm?sym=brcd) (NASDAQ: BRCD (http://www.thestockadvisors.co-m/quote.htm?sym=brcd))."Brocade- is a leading provider of data center networking solutions that help organizations connect, share, and manage their information efficiently. Organizations that use Brocade products and services are better able to optimize their IT infrastructures and ensure compliant data management."Brocade is positioning itself for a larger role in the storage market, taking on big guys such as Cisco Systems and EMC, and investing in its own infrastructure with an expansion of its campus to accommodate the new folks."The San Jose, Calif. company has been in the news recently because it renegotiated the t...
Buyback bet with Sempra (SE)
2008-10-28 05:00:00
David Fried (http://www.thestockadvisors.co-m/ccount/click.php?id=2501) focuses exclusively on selecting his stocks from those that are undergoing share repurchase programs. In The Buyback Letter (http://www.thestockadvisors.co-m/ccount/click.php?id=2501), he looks at Sempra Energy (http://www.thestockadvisors.co-m/quote.htm?sym=se) (NYSE: SE (http://www.thestockadvisors.co-m/quote.htm?sym=se)).“Sem-pra, a Fortune 500 energy services holding company, was created in 1998 by a merger of parent companies of two long-established, respected, investor-owned utilities with histories dating back more than 100 years.“Subsidiaries are Southern California Gas Co., the nation's largest natural gas distribution utility with service to 20.3 million consumers through 5.7 million meters in more than 500 communities, and San Diego Gas & Electric.“The companies’ 13,500 employees serve more than 29 million consumers worldwide. “Early this month it completed its acquisitio...
Buyback expert calls New Zealand
2008-10-08 06:00:00
“Telecom New Zealand (http://www.thestockadvisors.co-m/quote.htm?sym=nzt) (NYSE: NZT (http://www.thestockadvisors.co-m/quote.htm?sym=nzt)) is considered one of the cheapest, high-quality companies in the world,” says David Fried (http://www.thestockadvisors.co-m/ccount/click.php?id=2458 ) editor of the top-notch The Buyback Letter (http://www.thestockadvisors.co-m/ccount/click.php?id=2458 ).“New Zealand’s largest company, Telecom New Zealand, provides telecom and information technology (IT) products and services to residential and business customers in New Zealand and Australia.“NZT is now priced at or near its 52-week low; it is also among the best international dividend stocks (7%).“Fourth quarter profits fell as the company suffered from reduced margins in the face of stiff competition from Australia's Telstra and the UK's Vodafone.“NZT has gone through an extended period of upheaval after the government forced the company to split in...
MTN Airtel BuyBack
2008-05-23 06:16:00
MTN has announced Buy back of shares to the tune of 10% equity and re- issuance of equity. Its a step towards MTN Airtel Merger process. ... Click on Headline to read full Article..
Accenture (ACN): 'Consulting' with a buyback expert
2008-05-07 07:00:00
David Fried (http://www.thestockadvisors.co-m/ccount/click.php?id=1990) is a leading authority on corporate buybacks, focused exclusively on companies that are involved in repurchasing their own shares.One of the latest 'buys' in his aptly-named The Buyback Letter (http://www.thestockadvisors.co-m/ccount/click.php?id=1990), is consulting and outsourcing firm Accenture (http://www.thestockadvisors.co-m/quote.htm?sym=acn) (NYSE: ACN (http://www.thestockadvisors.co-m/quote.htm?sym=acn)). Here's the advisor's review."Accenture is a global management consulting, technology services and outsourcing company, collaborating with clients to help them become high-performance businesses and governments. "They use industry knowledge, expertise and technological capabilities to help worldwide clients enter new markets, increase revenues in existing markets, improve operational performance and deliver their products and services more effectively and efficiently."Accenture has extensive...
Polaris Software hardens on buyback buzz
2008-04-23 22:59:00
Polaris Software Lab rose on Wednesday ahead of its board meet to consider proposal of share buyback.10 Vote(s)
Sasken Communication soars on buyback nod
2008-04-22 21:46:00
Sasken Communication Technology surged 32.62 per cent to Rs 190.90 on the BSE after its board approved a proposal for buyback of shares from open market at a price not exceeding Rs 260 a share for an6 Vote(s)
Saigon Securities Inc. ups buyback volume to 3 mln shares
2008-04-09 18:06:00
Saigon Securities Incorporation (SSI), the country?s largest brokerage, will increase its share buyback from one million to three million shares, according to a statement it posted on its website Tuesday. The move was meant to restore calm among shareholders, who were unhappy as the share price plunged 30.2% this... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
SWIR Announces Acquisition of CradlePoint and Share Buyback
2008-04-09 05:09:00
SWIR - Sierra Wireless (NASDAQ) - (Closing Price - $18.43) Yesterday, Sierra Wireless announced it agreed to buy privately held CradlePoint Inc, which develops and supplies wireless networking products, in a cash and stock deal worth about 30.2 million. The company expects the deal to add to earnings by the end of 2008, excluding restructuring and integration ...
SWIR Announces Acquisition of CradlePoint and Share Buyback
2008-04-09 05:09:00
SWIR - Sierra Wireless (NASDAQ) - (Closing Price - $18.43) Yesterday, Sierra Wireless announced it agreed to buy privately held CradlePoint Inc, which develops and supplies wireless networking products, in a cash and stock deal worth about 30.2 million. The company expects the deal to add to earnings by the end of 2008, excluding restructuring and integration ...
Buyback expert drills into RIG
2008-04-08 07:00:00
David Fried (ccount/click.php?id=1903), a leading expert on companies that are undertaking share repurchase programs, looks to Houston-based Transocean (quote.htm?sym=rig) (NYSE: RIG (quote.htm?sym=rig)) as a buy in The Buyback Letter (ccount/click.php?id=1903). "Transocean is the world’s largest offshore drilling contractor, providing a fleet of mobile offshore drilling units to help clients find and develop oil and natural gas reserves. It rents out drilling rigs and crews to the likes of Chevron, BP and Royal Dutch Shell."With a fleet of 138 mobile offshore drilling units plus eight ultra-deepwater units under construction, the company's fleet is considered one of the most modern and versatile in the world due to its emphasis on technically demanding segments of the offshore drilling business. "Transocean recently posted a 70% rise in fourth-quarter profit. The company reported its Q4 profit rose to $1.1 billion ($4.17 per share), up from $621 million ($2.92 per share),...
Hati-hati! Investor Pakai Dana Buyback SUN untuk Spekulasi
2008-04-07 12:00:00
Yield SUN Jakarta - Pemerintah diminta untuk melihat dampak kebijakan buyback terhadap obligasi negara yang dilakukan beberapa hari lalu. Dana yang diterima investor SUN dari hasil buyback bisa saja digunakan untuk berspekulasi di keranjang investasi lain. “Tapi kalau dipakai ke lain, dijual untuk berspekulasi bisa ke pasar devisa tentu akan membuat goncangan lagi disana. BI dan ...
Savimex: Notice on Share Buyback Result
2008-03-28 19:46:00
Savimex Economic Cooperation and Import-Export Joint Stock Company announces the result of share buyback as treasury shares. * Volume of treasury shares before trading: 104,100 shares * Volume bought back: 50,000 shares * Volume of treasury shares after trading: 154,000 shares * Trading time: From March 12 to... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
ATNO BUYback
2008-03-27 16:24:00
Atlantis Technology Group Announces That Its Wholly Owned Subsidiary Global Online Television Corporation (GOTV) Will Begin to Take Pre-Orders for the Anticipated GOTV Service on March 31st, 2008 Tuesday March 18, 9:35 am ET CARSON CITY, NV--(MARKET WIRE)--Mar 18, 2008 -- Atlantis Technology Group (OTC BB:ATNO.OB - News) announced today that wholly owned subsidiary Global Online Television Corporation (GOTV) www.globalonlinetelevision.com- will begin to take pre-orders for the anticipated GOTV service that will be launched in spring of 2008 on March 31st, 2008. The standard IPTV and upgradeable HD / PVR packages will be able to be pre-ordered via the web at the company's website. The GO-V-Phone service will not be available to be pre-ordered at this time. ADVERTISEMENT The purpose of this pre-order will be to establish a smooth launch of the GOTV service both for the company and the consumers. The basic GOTV service package, which includes the IPTV box, wireless remote, and ...
PPG: Notice on Share Buyback
2008-03-24 19:47:00
Phu Phong Corporation announces to buy back shares as treasury shares * Volume of shares registered to buy back: 80,000 shares * Capital source: From retained profit and capital surplus * Method: Quotation and negotiation * Expected trading time: From March 31 to June 30, 2008 * Authorized trader: BIDV... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Critics take aim at gun buyback programs
2008-03-18 17:53:00
Gun buyback programs from Miami to the San Francisco Bay are coming under fire by critics who question whether the bucks are reducing the big bangs. “It’s like trying to drain the Pacific with a bucket,” says Alex Tabarrok, research director at the Independent Institute, a think tank in Oakland. “More guns are going to ...
By: Gun News
Critics take aim at gun buyback programs
2008-03-18 17:53:00
Gun buyback programs from Miami to the San Francisco Bay are coming under fire by critics who question whether the bucks are reducing the big bangs. “It’s like trying to drain the Pacific with a bucket,” says Alex Tabarrok, research director at the Independent Institute, a think tank in Oakland. “More guns are going to ...
By: Gun News
Reliance Energy plans buyback at Rs 1,600/share
2008-03-07 01:22:00
Anil Ambani's Reliance Energy (REL) said on Wednesday that it would buy back shares worth up to Rs 2,000 crore at a price of up to Rs 1,600 a share,...Click on Headline to read full Article.. 10 Vote(s)
REL board okays Rs 2,000-cr buyback at Rs 1,600/share
2008-03-06 03:51:00
The board of Reliance Energy Ltd on Wednesday approved a Rs 2,000-crore share buyback, in a bid to shore up its market value. The company proposes to buy its own share at a maximum price of Rs 1,600... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
REL board okays Rs 2,000-cr buyback at Rs 1,600/share
2008-03-06 01:38:00
Mumbai, March 5 The board of Reliance Energy Ltd on Wednesday approved a Rs 2,000-crore share buyback, in a bid to shore up its market value. The company proposes to buy its own share at a maximum price of Rs 1,600 each, which is at a premium ...7 Vote(s)
Buyback bets in Canadian energy
2008-02-29 07:00:00
David Fried (ccount/click.php?id=1788) has buying Canadian energy stocks in The Buyback Letter (ccount/click.php?id=1788); here, the advisor reviews a pair energy plays: Imperial Oil (quote.htm?sym=imo) (NYSE: IMO (quote.htm?sym=imo)) and EnCana Corp. (quote.htm?sym=eca) (NYSE: ECA (quote.htm?sym=eca))."Imperial- Oil is one of Canada's largest corporations and a leading member of the country's petroleum industry. It has a leading market share in petroleum products sold through a coast-to-coast supply network that includes close to 2,000 Esso service stations."IMO announced robust financial results for 2007 in late January. Net income for 2007 was $3,188 million ($3.41 per share) -- the highest net income in the company's history, surpassing the previous record of $3,044 million ($3.11 a share) in 2006. "The majority shareholder is Exxon Mobil Corporation, which holds 69.6% of Imperial's shares. In 2007, Imperial repurchased more than 50.5 million shares for $2,358 mil...
The Power of the Capital One Stock Buyback
2008-02-05 20:32:00
Some investors love them, others hate them, but regardless of which camp you find yourself in, the reality is that share buybacks have an ability to boost shareholder value significantly. The news out of Capital One Financial (COF) last week hardly got any attention, but I wanted to point it out in the face of all the negativity surrounding the banking sector.Despite the gloom and doom forecasts that the U.S. consumer is dead and everybody is facing home foreclosure and default on their credit card and student loan debt (exaggeration intended), Capital One announced a $2 billion share buyback and a dividend increase of 1,289% (to $1.50 per share annually). One has to think the COF board thought long and hard before increasing the company's annual dividend from 0.2% to 3%. If there was any reasonable chance of a capital shortfall in the future, they would have surely treaded more slowly. The only thing worse than cutting your dividend is doing so only months after initiating one (th...
Pepsi Bottling (PBG): A 'Buyback' bet
2008-02-05 07:00:00
"Pepsi Bottling Group (quote.htm?sym=pbg) (NYSE: PBG (quote.htm?sym=pbg)), is the world's largest manufacturer and distributor of Pepsi-Cola beverages, with annual sales of nearly $13 billion," says David Fried (ccount/click.php?id=1703), a specialist in companies engaged in corporate repurchases.The editor of The Buyback Letter (ccount/click.php?id=1703) notes, "PBG has gobbled up its own shares, reducing shares outstanding by 5.2% in the past 12 months.""What is a Pepsi Bottling Group beverage, besides Pepsi? A better question might be what isn’t, since Mountain Dew, Sierra Mist, Aquafina, Tropicana, Mug Root Beer, Lipton, SoBe, Starbucks Frappuccino, Dole, 7UP, KAS, Aqua Minerale, Mirinda, Manzanita Sol, Dr Pepper, Squirt, Electropura, e-pura, and Garci Crespo, among others, are all part of the PBG drink portfolio."PBG spun off from PepsiCo Inc. and was incorporated and went public in 1999, through one of the largest initial public offerings in the history of the New Yo...
A New ?Guaranteed Buyback? Program Gives Consumer's Cash Back Upon Trade-In
2008-01-17 19:00:00
A new company in Los Angeles has started a program that gives consumer's the option to purchase a "guaranteed buyback" on any type of consumer electronic gadget. The company says that this will help the consumer electronic device recycling initiative, as well as put some money back into your pocket. Sounds good at first glance, but is it really a good deal for you? read more »Tech-norati Tags: Business Computers Eco Friendly Gadgets Home Innovation Miscellaneous News Products Shopping Technology Television Toys Video Games
More Trouble Ahead For Financials
2007-12-13 02:21:00
Bank of America said its provisions against loan losses would come to $3.3 billion in the fourth quarter amid deterioration in consumer real estate and small business loans. Bank of America's capital ratios continue to decline, and the bank may not resume stock buybacks until 2009. Wachovia, the fifth-largest U.S. bank by market value, said that the Charlotte, N.C., bank is bracing for mounting loan defaults and another round of losses tied to risky mortgage investments. Wachovia, estimated that its provision for loan losses will be about $1 billion more than its charge-offs. Its previous forecast was between $500 million and $600 million. Meanwhile, the bank said its market-related losses -- including those stemming from mortgage-backed securities and collateralized debt obligations -- are on pace to exceed the third quarter's. Wachovia's losses on its exposure to collateralized debt obligations and other assets were about $1.4 billion in October and November, compared with ar...
A Couple Stocks with Huge Buyback Programs
2007-11-29 16:20:00
I just wanted to point readers to these two high quality companies that have initiated massive share buybacks.1. Cisco (CSCO) ? Cisco just increased the amount of their share buyback plan by $10 billion bringing their total buyback program up to $62 billion. With a market cap of 170 billion this buyback represents approximately 36% of their outstanding shares. In further support of the stock David Dreman, a respected and successful value investor has recently been a buyer.2. American International Group (AIG) ? AIG has been aggressively buying back it?s shares over the last year (69 million shares) and will be adding another $8 billion to it?s buyback plan. Supporters of the stock include famous investors Micheal Price and Bruce Kovner who both have positions in AIG.In my opinion any company that is undertaking massive share buybacks are at least worth taking a look at, as it indicates that the management of the company believes that the shares are fundamentally undervalued and are ...
Buyback rings up Telefonos (TMX)
2007-11-16 07:00:00
The Buyback Letter (ccount/click.php?id=1501), the advisor looks south of the border to Telefonos de Mexico (quote.htm?sym=tmx) (NYSE: TMX (quote.htm?sym=tmx)), which is now majority controlled by billionaire magnate Carlos Slim.
ANG Auto Buyback offer details
2007-11-05 20:51:00
ANG Auto Limited has informed the stock exchanges that the board of directors of ANG Auto will meet onNovember 12, 2007 to consider a share buyback offer through which ANG Auto will buyback the equity shares of the company from the shareholders of ANG Autoupto a maximum of 25% of the paidup capital of the ...
Accenture's Cashflow and Buyback Should be Catalysts for the Stock
2007-11-05 11:26:00
Accenture, Ltd. (ACN) is a management consulting, technology services, and outsourcing company. An offspring of the company formerly known as Anderson Consulting, the company employs over 170,000 people across offices in 49 countries.In its most recently concluded quarter, Accenture clocked in record earnings and revenues. Revenues were up 29%, while earnings were up 24% for the year. The company even boosted its dividend by 20% and announced a $3 billion share buyback.Accenture generates about $2 billion a year in free cash flow, currently holds $3.3 billion in cash and has almost no short-term debt. This is what makes Accenture so unique. From a cashflow perspective, ACN is a juggernaut and while at 15 times next year's eanings, it is more expensive than Electronic Data Systems (EDS), it is definitely cheaper than outsourcing and consulting outfits like Cognizant (CTSH), Infosys (INFY) and WiPro (WIT).With a strong international exposure, the weak US dollar has not had a negative...
Boeing's $7 billion Share Buyback Signals a Buy
2007-10-30 03:23:00
When a company announces a share buyback, it usually implies that the company's leadership believes the shares are undervalued relative to their future earnings. I won't deny, that it is also another way for insiders to inflate the earnings of the company, create a better equillibrium between supply and demand for the company's shares, and therefore, inflate the share price. Regardless of the motive, share buybacks are good for investors because the typical end result of that is that stocks move up.Boeing (BA), which has a history of buying back its own shares announced today, that it would buy back $7 billion, or roughly 9% of its current number of outstanding shares at the current price. Seasoned Boeing investors might recall that the company bought $8 billion of its own stock since 2004 and this new announcement, while having no timeline, indicates the confidence management has in the company's ability to deliver strong earnings and revenue growth over a prolonged period. Sin...
EID parry buy back offer approved, buyback offer price fixed
2007-10-30 00:12:00
EID Parry India Limited has approved the buyback of shares from the shareholders of EID Parry at a maximum price of Rs. 160 per share of face value Rs. 2 each. The shares of EID Parry did not participate in the strong bull run that the Indian stock markets have been witnessing. This was mainly ...
AksharChem India share buyback offer details
2007-10-24 01:55:00
AksharChem India Limited has informed the stock exchanges that the Board of Directors of AksharChem India will meet on October 29, 2007 to consider a share buy-back offer to buyback a portion of the free float equity shares if AksharChem India from the existing shareholders of the company. The buy-back offer price and the record ...
Deccan Chronicle Holdings (DCHL) Share Buyback offer
2007-10-17 22:09:00
Deccan Chronicle Holdings Limited has informed the stock exchanges that the board of directors of Deccan Chronicle will consider making a Share Buyback offer in the forthcoming board meeting on October 26, 2007. More details about the DCHL Buyback offer including the record date for the buy back and the swap ratio will be available ...
Mastek Board approves Buyback of equity shares
2007-10-13 14:31:00
Mastek Ltd has informed that the Board of Directors of the Company at its meeting held on October 11, 2007, inter alia, has: 1. Appointed Mr. Rajesh Mashruwala, as an Additional Director of the Company. 2. Approved the buyback of the Companys equity shares upto an aggregate amount of Rs 65 crores, being within 25% of the ...
Mastek Buyback Offer Price fixed
2007-10-12 21:25:00
Mastek today informed the stock exchanges that the board of Mastekhas approved the share buyback of Mastek shares at a price of upto Rs. 750 per share by purchasing in the open market. Mastek has set aside Rs. 65 crore for the buyback offer. A buyback offer is a way of promoters or management of ...
The Buyback Boondoggle
2007-10-12 04:00:00
D.C. Delegate Eleanor Holmes Norton has a great idea. She wants to spend $50 million of taxpayer money... your money... to fund "gun buybacks" nationwide. But there's a big problem with that old idea: The federal government already tried subsidizing gun buybacks during the Clinton administration. And in 2001, they stopped funding gun buybacks because "the results of gun buybacks are minimal." That's what the Department of Housing and Urban Development said, not me. They don't...(read more)
McKesson ratings affirmed on OTN buy plan, share buyback - Moodyand#039;s
2007-10-05 19:56:00
MUMBAI, Oct. 5, 2007 (Thomson Financial delivered by Newstex) — Moody’s Investors Service affirmed McKesson Corp’s (NYSE:MCK) ratings after the company’s said it plans to buy Oncology Therapeutics Network (OTN) — a specialty pharmaceutical distributor — for about 575 mln usd and the board had authorized a new 1 bln usd share buyback program. ...
Abbott to consider buyback at Rs 650 per share
2007-08-29 09:41:00
The board of directors of Abbott India are scheduled to meet on September 05, 2007, to consider a proposal for buyback of a portion of fully paid equity shares of the company. According to a release issued by Abbott to the BSE today, the buyback price to be determined by the board will not exceed Rs ...
Glaxosmithkline plc (GSK) Stock Rises on Large Stock Buyback
2007-07-25 20:49:00
Shares of drug maker GlaxoSmithKline PLC rose Wednesday following the announcement of a huge buyback that helped offset the effect of a Bear Stearns analyst downgrade. Earlier in the day, the world's...
Buyback bets on billionaire
2007-07-03 18:10:00
Telefonos de Mexico (NYSE: TMX), controlled by Carlos Slim, the world’s third richest man, is a buy from The Buyback Letter. Here, David Fried looks at the Mexican phone firm. “Telefonos de Mexico is the leading telecommunications company in Mexico, with more than 15 million telephone lines in service and more than 1 million Internet access accounts. Based in Mexico City, Telmex, as it is commonly called, controls more than 95% of Mexico's fixed-line telephone market and is a major provider of long-distance services. “It is currently positioned as the regional market leader in telecommunications, and in recent years has bought telephone, cable and data transmission assets in Argentina, Brazil, Chile, Colombia and Peru. “Formerly owned by the Mexican government, Telmex was privatized in 1990 and is now majority controlled by billionaire magnate Carlos Slim, the world’s third richest man. "Slim is quite a character, and aside from the sheer...
US electronics retailer Best Buy announces $5.5 billion stock buyback …
2007-06-28 00:07:00
MSN UK News - … last week that a stock buyback might be in the works when Chief Financial Officer Darren Jackson said at an investor conference that Home Depot's $22.5 billion (euro16.74... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
How Company Buyback Makes A Difference
2007-05-08 09:49:00
Ask most investors about how buying a stock can help them build wealth, and the answer you will get is by two ways, stock price appreciation and dividends. However many overlook the third way, stock buyback. Let us find out more about this third way.The Meaning of BuybacksA stock buyback is nothing but a company buying back its shares from the marketplace. Buyback can be thought as a company investing in itself. With the extra cash in hand, the company can use it to buy its own shares. These shares are absorbed by the company leading to reduced number of outstanding shares in the market. When this happens, the ownership of each investor increases because there are fewer shares in all. Company buybacks are usually perceived by the market as a positive thing which often causes the share price to shoot up.Typically, buybacks are carried out in one of two ways:Tender Offer: Shareholders may be presented with a tender offer by the company to tender a portion or all of their shares within...
AIG Earns 3.4 Billion, Sets Big Buyback
2007-03-07 21:36:08
AN FRANCISCO (Dow Jones) -- American International Group reported a jump in fourth-quarter net income late Thursday and unveiled a big share buyback and new dividend plan.rnrnNet income came in at $3.44 billion, or $1.31 a share, vs. $444 million, or 17 cents a share, a year earlier. Excluding several charges, including the cost of an arbitration decision, getting out of the domestic financial institutions credit life business and bolstering asbestos reserves, adjusted net income was $3.85 billion, or $1.47 a share.rnrnAIG was expected
Seven Companies Announce Buyback
2007-03-07 15:48:02
When a company announces a buyback, it means that the company is going out and buying shares of its own company on the open market. This is generally very bullish for stocks, since it shows confidence by executives in their own companies, reduces the number of shares outstanding. With the reduction of shares in the market the demand of the stock normally goes up. This is also good news for the existing shareholders since the earnings and dividends will be split up among fewer shares.The 7 companies that announced buyback areBank of America BACCypress Semiconductor CYEast West Bancorp EWBCeBay EBAYFreightCar America RAILRome Bancorp ROMEVarian VARI
Splits v/s Buybacks
2007-02-27 21:45:02
I have been monitoring this stock for a while, till yesterday it was priced around 10$ per share. Today it is trading around $5. What happened ? Did the shorts win big time today. But there is no bad news ? As you read up more about the stock you realise the company has opted to split its shares. So what is splits, and why do companies split their stock price ? If this interests you, keep reading...What are Splits ?A company whose stock is performing very well may opt to split its shares, distributing additional shares to existing shareholders. The most common split is 2:1, in which each share becomes two shares. The price per share immediately changes to half. Reverse split is when the number of shares decreases, ie 1:2Why do companies opt for splits ?A company will usually decide to split its stock if the price of the stock gets very high. High stock prices are problematic for companies because they make it seem as though the stock is too expensive. By splitting a stock, companies...
MMM- Share buyback and analyst upgrade
2007-02-14 08:58:02
3M Co.'s (NYSE:MMM) board approved a $7 billion two-year share buyback and raised its quarterly dividend by 4.3% to 48 cents per share. MMM shares are up 1% in pre-market trading. 3M was upgraded by Soleil to Buy from Hold.
Oakland gun buyback nets 20 handguns
2006-12-05 00:44:02
This story further illustrates how absurd it is to buy back guns with Guns N’ Roses tickets. The Oakland buyback netted a whopping 36 firearms – 12 were rifles, and seven were from the same guy. They even took high-power pellet guns. Only 20 were handguns. Blabbermouth story here. Something like 85 percent of gun crimes and [...]
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