bj_spokanimal, This is copied from buy and win.
"These are called Tontines--Last shareholder standing gets it all.
I wrote about the last man standing buy back plan a few years ago. Two examples currently doing this for many years are L (Loews) and TPL (Texas Pacific Land Trust)
Loews has been buying back shares for about 50 to 60 years When shares get fewer the price rises and they split the shares. They have been buying back about 25% of the shares every 10 years all this time."
NMB in the past people on this board discussed "the last man standing" buy back plan. This plan goes buybacks forever until the last man standing owns all shares. Shareholders win very big. I wondered if something like this was a possibility ?
tobypharma, "now is a good time to accumulate" The new CLO's, the 1.4 - 1.9B cost to do spin-off, the devaluing euro, oil prices dropping, I can see how the drop can happen. Some these things will correct their self with improving economies. Therefore the stock isn't broken and Buy! Buy! Buy!