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  • lukb4ujump lukb4ujump Nov 16, 2012 12:22 PM Flag

    News: Buy Back

    Or other conversions like convertible debt or warrants?

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    • Not sure if that data includes any of that, but that was my speculation.

      If that is the case, the board is using the company's money to transfer increasing ownership portion to employees and insiders at the expense of public shareholders.

      The company fundamentals certainly aren't suffering as a result, and the stock price is definitely outperforming the S+P over the past 20 years, but it means we need to read past the buyback headlines and check whether all of that cash being used is actually to the long-term benefit of Shareholder's Equity.

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