We've had a great run over the last two weeks, so do we expect a .10 correction today? Or, can we keep the momentum to gain another .10 a share today?
Either way, earnings will be announced by the end of the week, and when they announce $.50 EPS, we should see a nice pop over $4.00 a share. The big question is "Can we stay above $4.00 a share?" After the black out period next week, they can start to continue to buyback shares, so the share price coming back down, would not be a terrible thing. The cheaper the share price, the more shares the company can buy back.
No, star. We are closer to 71 million shares. With additional buybacks in Q4, we should get under the 70 million mark for year end 2012.
In first quarter we should see an increase in the dividend by .01 a quarter, or .04 yearly. Hopefully, we will also see an increase in the share buyback program in mid 2013 after management completes this share buy back program.