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United Parcel Service, Inc. Message Board

  • dudesbag dudesbag Oct 15, 2013 8:56 AM Flag

    FDX share repurchase of up to 32M shares

    Maybe I'm just a dummy but why would you authorize the purchase of up to 32 million shares when your stock is within spitting distance of an all-time high? I can think of 3 reasons. 1) they project a less than robust EPS future and want to limit shares to up the #. 2) they project their shares going much higher. 3) they have no better ideas for what to do with their excess cash flow.

    Personally, if I was a FDX shareholder and getting a miniscule dividend (1/5 of the UPS level), I'd be reeally upset. Keep in mind that around 50% of the long-term S&P gains over time comes from dividend collection.

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