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Countrywide Capital V (New) 7.0 Message Board

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  • cololamahahual cololamahahual Dec 30, 2011 9:12 AM Flag

    BAC Still Buying Here Open Market

    Are the shares retired when BAC purchases in the market ? If so compare quarterly for shares outstanding.

    There is no way to tell who is buying day to day as far as I know.

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    • If BAC owns the shares bought back from the market at less than $25, those shares will not be traded again since removed from the market. I am sure BAC and other banks planned all along to retire their trust preferred at below $25 given market conditions. That reduces overall cost to BAC and other banks. BAC still has lots of time to enact formal buy back IAW Dodd-Frank phase out requirements and is gradually retiring shares for sometime already.

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