That was a good response to the overblown sell-off. Now they will be going after about 15% of the float with the $420 million approx 7.5 million shares. That means your eps will go up even more. If this puppy does not split, it will hit 100 next year.
Unfortunately, the new repurchase program does not go into effect until after earnings are reported. That is the law. So the new share reduction will be much less than the 7.5 million I estimated, unless there is a major broad market selloff.
the last share reduction should enhance earnings by 2%, If the next share reduction is successful, the earnings enhancement will be about 12%.
This company has huge faith in its ability to bring in cash.