The purpose
of reducing the share count is to increase the ownership percentage of each share.
Not exact matches
The tech company has also returned an additional $ 151 billion to shareholders since its fiscal year 2013 in the form
of share buybacks — a move that has
reduced share count and boosted earnings per
share by about 21 % in the past four years, according to Silverblatt.
Never mind that because
of aggressive stock buybacks that
reduced the company's
share count, Microsoft's market cap is $ 460 billion, far below the old peak.
As
of [Tuesday] night, 92 companies in the S&P have reported Q2 earnings; 20 have
reduced their
share count by at least 4 % year - over-year.
Counting employer contributions this way would
reduce the
share of covered workers with deductibles
of at least $ 1,000 to 38 percent.
Over the last 9 years, JNJ has only
reduced its
share count by -5.8 % an annualized rate
of -0.67 %.
JNJ's ability to generate large amounts
of free cash flow means it could easily take on more low - cost debt and drastically
reduce its
share count.
«The later stages
of the 2009 — 2017 bull market are a valuation illusion built on
share buyback alchemy... The technique optically reduces the price - to - earnings multiple because the denominator doesn't adjust for the reduced share count... Share buybacks are a major contributor to the low volatility regime because a large price insensitive buyer is always ready to purchase the market on weakness... Share buybacks result in a lower volatility, lower liquidity, which in turn incentivizes more share buybacks, further incentivizing passive and systematic strategies that are short volatility in all their forms... Like a snake eating its own tail, the market can not rely on share buybacks indefinitely to nourish the illusion of gr
share buyback alchemy... The technique optically
reduces the price - to - earnings multiple because the denominator doesn't adjust for the
reduced share count... Share buybacks are a major contributor to the low volatility regime because a large price insensitive buyer is always ready to purchase the market on weakness... Share buybacks result in a lower volatility, lower liquidity, which in turn incentivizes more share buybacks, further incentivizing passive and systematic strategies that are short volatility in all their forms... Like a snake eating its own tail, the market can not rely on share buybacks indefinitely to nourish the illusion of gr
share count...
Share buybacks are a major contributor to the low volatility regime because a large price insensitive buyer is always ready to purchase the market on weakness... Share buybacks result in a lower volatility, lower liquidity, which in turn incentivizes more share buybacks, further incentivizing passive and systematic strategies that are short volatility in all their forms... Like a snake eating its own tail, the market can not rely on share buybacks indefinitely to nourish the illusion of gr
Share buybacks are a major contributor to the low volatility regime because a large price insensitive buyer is always ready to purchase the market on weakness...
Share buybacks result in a lower volatility, lower liquidity, which in turn incentivizes more share buybacks, further incentivizing passive and systematic strategies that are short volatility in all their forms... Like a snake eating its own tail, the market can not rely on share buybacks indefinitely to nourish the illusion of gr
Share buybacks result in a lower volatility, lower liquidity, which in turn incentivizes more
share buybacks, further incentivizing passive and systematic strategies that are short volatility in all their forms... Like a snake eating its own tail, the market can not rely on share buybacks indefinitely to nourish the illusion of gr
share buybacks, further incentivizing passive and systematic strategies that are short volatility in all their forms... Like a snake eating its own tail, the market can not rely on
share buybacks indefinitely to nourish the illusion of gr
share buybacks indefinitely to nourish the illusion
of growth.
Twelve
of our companies, just over 20 %
of our holdings, used their cash flow to achieve all four goals: they increased the dividend,
reduced the
share count, made an acquisition and still ended the year with a stronger balance sheet.
Management has a long track record
of disciplined capital allocation, having
reduced the
share count by nearly one - third over the past decade, and it recently initiated a fairly generous dividend.
Five
of the men
shared the symptoms
of the mice — small testes and
reduced sperm
count — but two
of the five had fathered children.
While none can completely escape the issue
of market timing, they can certainly address the most critical aspect: ensuring that
share buybacks do indeed return capital to shareholders by
reducing share count.
On the top side, and I did not see any
of these, be aware
of reverse splits, which can
reduce the
share count, are a sign
of a badly run company, but do nothing for the economics
of a firm, aside from keeping them listed on a major exchange.
That should give one pause before investing in the stock
of a company that subjects itself to a split aimed at
reducing the
share count and raising the stock price.
In the above scenario, if those 100,000
shares outstanding that initially traded at $ 10 per
share fell to $ 2 per
share, and the company wanted to restore the price
of the stock, it might issue a 1:5 reverse stock split in which the
share count of the business would be
reduced to 20,000
shares outstanding that trade at a price
of $ 20 per
share.
The First Asset Canadian Buyback Index ETF (TSX: FBE) «provides investors with exposure to a portfolio
of equity securities
of quality companies with active
share buyback programs that have significantly and consistently
reduced their issued and outstanding
share count.»
In working out strategies for people with very large option profits, I've found that many
of them can actually
reduce their tax cost by making disqualifying dispositions before the end
of 2012, at least if we don't
count the potential benefit
of having a large unused AMT credit after selling their
shares.
Finally, during the last week
of the quarter I cut back my exposure to AIG and BAC,
reducing share count by 10 % and 20 % respectively, and initiated a small hedge using SPY puts.
The
share count has been
reduced by a total
of 4.0 M over that time.
of cash spent on
share buybacks since Q3, but recognize the
reduced share count.
Outerwall hasn't been liquidating itself through buybacks — instead it has leveraged the balance sheet by issuing large amounts
of debt, using the proceeds to buy back stock, which has
reduced the
share count, but not the size
of the balance sheet or the amount
of capital employed.
This
reduces my estimated NAV to $ 178.5 mio & a corresponding
share count of 195.3 mio
shares outstanding.