I did not check all posts so this may be beating a dead horse but here goes.....
BZH setting aside $200-250 million for the buybacks. Buying 10 million shares. That means the shares need to average $ 20 to $25 each??? Isn't it trading at $68.00???
Please tell me if I'm missing something.
where the acquisition price is zero, these are generally stock grants; not option grants, not purchases (unless you consider zero cost a purchase). Perhaps this is why they announced the increase in "authorized" stock repurchases??
Looks like BZH just had an options party at a conversion price of $62+/- in 2008. Nice time to announce a buyback of 25% of the float over who knows what time period to jump start the stock price. Will wonders never cease.
See that is much better, I can respect your opinion alot more when you are not calling people names. Congratulations on your WLS and TOL short, but I have been saying for a long time that BZH is no TOL. In fact, I have also been saying that BZH is the only homebuilder stock I own because its fundamentals surpass that of any other homebuilders (meaning it is trading cheaper price/book, price/sales, and price/earnings ratio than the industry average while their EPS growth this last quarter surpassed that of the industry avg). With todays price movement though, BZH is somewhat close to its peers now in terms of valuations. Anyways, good luck with your shorts.