So where will the stock be when buybacks cease during the 30 day quiet periods?
Long term can the share price stay up for 13 months (at least that long before profits will increase) with YHOO being the single largest buyer of its own stock?
I can not find any situation similar to Yahoo's.
Sentiment: Strong Sell
YHOO is up for many reasons. The shorts predicted a big hit today and thought the Mex. news meant something. They were dead wrong. YHOO did get to pick up some cheap shares we hope.
I think you are confirming my point - if Yahoo buys cheap shares that are then issued as management rewards and options with a face value of $0 there is no increase in EPS or shareholder retained earnings.
Historically stock buybacks are terribly mismanaged by the company.
"J.C. Penney (JCP) announced a $900M stock buyback on 25-Feb-11, and has completed $839M in repurchases through 30-Jul-11.
That was $30 JCP now is $18
I like Yahoo, but if the "new and improved messages boards are any indication of the new CEO's stubborn style of management, then I will like Yahoo much less and like Yahoo stock even less.