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They announced a $30B repurchase plan in 2010 or 2011.After selling Asian assets, with all the cash on hand, they could repurchase up to 80% of current Yahoo shares.If you like selling your shares, keep doing so and Yahoo will repurchase all of them.
Doesn't Yahoo actually LOSE money on the shares they purchase??One can go back and look at their average purchase price, bit I recall that at one time, their average purchase price was around $17.I am fairly confident that they have lost, at least, tens of millions of dollars, under their share repurchase program. That's Wasted money!
People, you don't know how to do a simple calculation?Let me do it for you:$1.689B / 110M = $15.35 per share.Current price is $15.50Where did you get $17? LOLIn another word, Yahoo won't let its shares go down any further.
As an example:If Yahoo this whole week repurchase 10M shares, will Yahoo keep quiet or will they report 10M shares repurchased within certain number of days or we got to wait for qtr earning reports to find out the 10M shares repurchased ?
They are always buying but you will have to wait for the next report.In this pace, technically Yahoo could repurchase all of its outstanding shares back in 10 years.For example, if there is only one share left on the market after the repurchase, this one share alone would worth $20B, it's funny, right?