Nope, the buyback is to soak up the options they gave to EVP Flax, (valued $4.xx per share) who immediately sold the shares at $15.xx). An ACAS tradition.....
What would be the purpose?? $27 is a fairly low stock price. The bureaucracy that goes into a stock split costs $$$; in fact, your broker might charge you for processing it. And what do you end up with? its like cutting a pie in half....you still have the same amount of pie. The only time it really worked out for me is when a stock did a split and then they kept the dividend the same.
American Capital, Ltd. ("American Capital" or the "Company") (Nasdaq: ACAS) announced consolidated net operating income ("NOI") before income taxes for the year and quarter ended December 31, 2014 of $183 million, or $0.65 per diluted share, and $60 million, or $0.21 per diluted share, respectively. Consolidated NOI for the year and quarter ended December 31, 2014 was $117 million, or $0.42 per diluted share, and $35 million, or $0.12 per diluted share, respectively. Consolidated net earnings for the year and quarter ended December 31, 2014 was $434 million, or $1.55 per diluted share, and $38 million, or $0.14 per diluted share, respectively. As of December 31, 2014, consolidated net asset value ("NAV") per share was $20.50, a 1% annualized, or $0.04 per share, decrease from the September 30, 2014 NAV per share of $20.54 and an 8%, or $1.53 per share, increase from the December 31, 2013 NAV per share of $18.9
This is not a growth stock by any means. I mean the demand is....limited. However, with baby boomers getting on in age, there will be a slowly growing demand....probably to be offset by cremations. Operating costs have been cut. Looking ahead, I see the quarterly dividend being increased by .01 every other year over the next decade, and stock price going up maybe 3 - 5% per year. In other words, its going to be fairly stable.
Does this BS ever work?? Are people stupid enough to go to your site??
Why don't you just give up...get a real job...do something productive. Only an idiot would do what you're
Ummmm...no, not going to happen unless someone invents a way to store electricity for a lengthy period without significant loss. More likely its going to go back up.
Posting once is ok; posting twice if you have something intelligent to say is ok. Unfortunately, you only meet the first criteria....posting x number of times is annoying, especially if you don't provide any productive insights.
Predictions are hard...especially when they're about the future. Who knows what will happen in the next three months? The middle east could explode....ebola could become air borne....