After spending $2.2 billions buyback, Yahoo outstanding share is still 1.17B?
During the fourth quarter of 2012, Yahoo! repurchased 80 million shares for $1.5 billion($18.75). During the year ended December 31, 2012, Yahoo! repurchased 126 million shares for $2.2 billion($17.46).
After spending $2.2 billion buying back 126 million shares last year
Yahoo total outstanding shares only dropped from 1.18B to 1.17B? Only 10M less?
What happened? Too many options issues to the management and employees?
I am really disappointed about this result, I was expecting Yahoo Outstanding shares to fall to $1.1B level.
It looks like Mayer is a big spender and I am concerned about the report of next two quarters.
I have sold my Yahoo shares at $20.