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VMware, Inc. Message Board

  • prostock151 prostock151 Aug 9, 2013 7:49 AM Flag

    Buy Back Does Not Help Shareholders in Short term but in Long Term, look @ AAPL, ISRG,etc..

    I predict this price will drop sooner---just my 2 cents, your feedback will be appreciated!

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    • Well, share buybacks show the shareholder that the company thinks they are being undervalued. It also lowers the share float which gives a boost to the stock price. And the lower outstanding share float increases EPS which decreases the P/E of the company. So it makes the company cheaper at current levels. Technically speaking, if VMW can stay above the gap it created following the buyback announcement on 08/08/13 (83.25), it will go much higher in the near term.

78.65+1.35(+1.75%)Oct 9 4:03 PMEDT