Originally Posted by
Big E 757
In other words, Wall Street looks at earnings per share and determines the value of each share of stock by how much each share of the company earns per quarter/per year. If you pull shares out of the pool, each outstanding share has more value. It's a tax free way of saying thanks to the people who buy your shares...until they sell the stock.
I'm not saying this is what happened, I have no idea. I'm just saying there are other ways to give money to shareholders than just divedends.
Being able to say a company has $1 BILLION in the bank has a certain cachet to it. $1.1 billion doesn't sound any better. To go below $1 bbillion, I would like to see something tangible, like an extra 5 planes... Or something