Instead of buying a bunch of garbage companys like VM and IPCS they could take $2 billion of their cash hoard and buyback about 20% of the companys stock. Does Hesse know anything about business? I dont understand why they wouldnt do a big stock buyback at current levels?
I think after the deals are all done...he will be forced to do this by large holders. He could put an end to this garbage by just buying back 300 million shares.....that is all it would take to rid these crooked hedgefunds. The rest of the shares are locked away by institutions.
The problem is they should have announced a big buyback already, the stock market has been on fire and is due for a big pullback and S didnt gain anything during the market gains. I thought Hesse was smarter then what he really is, he really is just an overpaid idiot like most management are.