I totally disagree with your reason for the buyback.......the $600 million far exceeds anything to do with stock options. Your rationale is far fetched at best. They bought back shares because this stock is undervalued and will continue year over year growth for many years. They are in a hot market and have tons of backlog.......things could not be better for GR right now. A zillion companies would like to trade positions with them.......Anything below $70 is a steal this year. Next year should see $90+.
Companies don't buy back shares to cover stock options. Why do they need to state the obvious?
>>>Anything below $70 is a steal this year. Next year should see $90+.<<<
Everything I read in the news and in earnings projections suggests you are right. Most of the news links on the web are like this one:
>>>In the aviation sector, we'll talk with the CEOs from Goodrich Goodrich CorpGR 62.2 UNCH 0% NYSE and Honeywell Honeywell International IncHON 59.63 UNCH 0% NYSE which are in “boom times,” with technological innovation and orders piling up for years to come.<<<
But the stock is trending sideways ( when we're lucky ). If orders are "piling up in these boom times", why are isn't there more excitement about Goodrich? Any thoughts?
I hope you are right, but my explanation was not MY explanation -- the explanation I offered was the one that was published by GR investor relations. So, you can disagree all you want to, but I am just relaying information offered up by GR.
stock buybacks are a waste of company resources let alone shareholder value------they are paying wallstreet to leave--look at Ntri STOCK BUYBACK but nobody on the bid didnt stop it from tanking anyway if the company isnt buying THAT DAY----if you want to do it right, do it with puts contracts QCOM is the only company to ever do it that way that i know of.
as a shareholder you should be asking yourself if a divy would have been better for YOU or the exiting wallstreet boys on a stockbuyback.
if these companies had any brains and anything worth 'protecting/valueing' they would let their stock tank and take out a loan to take themselves private.