Originally Posted by
Airsupport
I don't feel skywest is a sinking ship, and neither do the investors, (more planes coming on board, better revenue, and good performance bode well for skywest right now) and by them buying stock back they have increased their market value, and in turn have made their own personal stock more valuable.
Originally Posted by
Airsupport
Are you disagreeing with this statement?
i am disagreeing with the part that says, "...by them buying stock back they have increased their market value...". the action of buying back stock does not automatically increase anything. not even sure what you mean by "market value". stock price? market capitalization? well, i shouldn't say it doesn't increase anything. but i don't think you're talking about changes to the balance sheet. has the stock price gone up since they announced the buyback? yes. did they buy back all that stock at the lower price before they announced it? no. so it's actually costing them more to buy it since it went up. did officers of the company end up increasing their personal fortunes (on paper)? darn right. but not simply because skywest inc. bought back stock.
Originally Posted by
Airsupport
Like I said in my previous post, that was a quote from the article.
what is a quote from what article?