Last, companies with high cash balances can also return money to you directly by paying off debt, and thus increasing profits; buying
back outstanding shares; and even paying a dividend.
Not exact matches
The 8 - megapixel camera on the
back is obviously not
outstanding, but it takes decent enough photos that you won't be ashamed of
sharing them on Facebook.
Echelon is now focusing its growth on «smart» commercial & municipal LED lighting (although its fab-less chip business has apparently now stabilized after a long decline), and if the lighting business accelerates (and it could, due to recent sales force hires and new products), I think there's a chance it can hit a break - even annualized revenue run - rate of $ 40 million by Q4 - 2019 (pushed
back from my earlier hoped - for timeline) at which point — assuming $ 14 million of remaining net cash (vs. an estimated $ 18 million at the end of Q2 2018) and 4.7 million
shares outstanding (vs 4.52 million today), an enterprise value of 1x revenue on this 53 % gross margin company would put the stock in the mid - $ 11s per
share.
Their prices are so low, in fact, that one firm, Suncor recently said it would buy
back up to $ 500 million worth of its
shares or about 1.1 % of
outstanding issuance by next September.
In 2015, CSCO bought
back 155 million
shares, but after the effects of employee stock compensation it only reduced the total
shares outstanding by 38 million.
In 2015, ORCL bought
back $ 8.1 billion in stock (5 % of market cap), reducing
shares outstanding by nearly 120 million.
The buy
backs have reduced
shares outstanding and propped up earnings per
share over the past several years while net income has been on the decline.
GE, which
backed its full - year profit outlook, said it expects to retire as much as 7 percent of its
outstanding floated
shares by mid-November, as it completes the spinoff of its former retail finance business, Synchrony Financial.
One bad decision (granting excessive stock - based compensation and not expensing it) led to a second bad decision (using real cash to buy
back extremely overvalued
shares in the open market to keep overall
shares outstanding from skyrocketing).
That purchase is part of CGI's plan to buy
back up to 20.6 million class A
shares, or 8 % of the total
outstanding, by February 6, 2019.
Since 2000, the company has spent about $ 26 billion on dividends and another $ 124 billion on
share buy -
backs, lowering the number of
outstanding shares by 36 %.
Note that TJX's high returns on equity and invested capital (debt + equity) are skewed upwards by the large amount of stock it buys
back each year (14 % of total
shares outstanding during the past five years).
In fact, during the fourth quarter of 2013 alone, the company bought
back 7 % of the total
outstanding shares.
Tech companies buy
back stock because they issue massive amount of cheap options to employees and upper management, and they need to somewhat offset the dilution from these options or face ballooning
outstanding shares.
In fiscal year 2013 alone, Qualcomm bought
back over $ 4.6 billion worth of stock reducing
shares outstanding by 4 % ***.
Similarly, the pool of
outstanding ETF
shares can be dried up if one of the fat cats swaps
back creation units for underlying
shares in the basket.
Sure, the number of
shares outstanding does not change when the company buys them
back just as fast as they are issued.
Add
back the $ 11 mm cash balance on June 30, 2009 and the company is sitting on nearly $ 6.4 in cash per
share (based on 7.5 mm
outstanding).
Nierenberg's agreement with ESIO provides that if ESIO buys
back enough stock to push Nierenberg's holdings over 15 % of the
outstanding shares, he will still be able to vote all of his stock as he wishes.
Companies can also opportunistically buy
back stock, reducing
shares outstanding.
Without opportunities for organic growth, through higher sales, companies have turned to buying
back their
shares to increase their earnings per
shares outstanding.
Now, some of that bottom - line growth was due to extensive
share repurchases — the company bought
back approximately 23 % of the
outstanding shares over the last 10 years.
At the end of 2014, $ 107.2 million remained on the program that, at current prices, would allow the company to buy
back less than 1 % of its
outstanding shares.
At Apple's current
share price over 8 % of their
shares outstanding could be bought
back under the plan.
A negative number for the % change value means
shares were bought
back by the company and a positive value means the
shares outstanding increased.
One bad decision (granting excessive stock - based compensation and not expensing it) led to a second bad decision (using real cash to buy
back extremely overvalued
shares in the open market to keep overall
shares outstanding from skyrocketing).
The company buys
back a portion of its own stock to lower the number of
shares outstanding.
Assuming Apple buys
back shares at the current market value, it would cut
shares outstanding by 15.7 % by the end of 2015.
With the stock at these levels ($ 2.25), $ 650,000 buys
back around 289,000
shares, which is a little over 10 % of the 2.7 M
shares outstanding.
That is, it seeks to buy
back 50 million
shares of its common stock — approximately 7 percent of
outstanding shares.