Recent

% | $
Quotes you view appear here for quick access.

Apple Inc. Message Board

  • tamermou tamermou Jan 27, 2013 11:48 PM Flag

    ALERT: HEDGE FUND DUMPING 300 MIL SHARES KAST 2 SEC , WILL NOT INSPIRE BUYERS, TO 427 MON

    OMG, YES

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Keep shorting, Apple will just get more shares in this agreement. Great for longs.

      In August 2012, the Company entered into an accelerated share repurchase program (“ASR”) with a financial institution to purchase up to $1.95 billion of the Company’s common stock in 2013. In exchange for an up-front payment of $1.95 billion, the financial institution committed to deliver a number of shares during the ASR’s purchase period, which ends later in 2013. The total number of shares ultimately delivered, and therefore the average price paid per share, will be determined at the end of the purchase period based on the volume weighted average price of the Company’s stock during that period. In the first quarter of 2013, 2,582,782 shares were initially delivered to the Company. This does not represent the final number of shares to be delivered under the ASR. These shares were retired and accounted for as a reduction to shareholders’ equity in the Company’s Condensed Consolidated Balance Sheet. The Company accounted for the ASR as a repurchase of common stock for purposes of calculating earnings per share and as a forward contract indexed to its own common stock which met all of the applicable criteria for equity classification, and, therefore, was not accounted for as a derivative instrument.

      Sentiment: Strong Buy

 
AAPL
124.53-2.22(-1.75%)Jun 29 4:00 PMEDT