If a Company buys back its shares for less than their intrinsic value, then although the pie becomes smaller, the continuing shareholders will actually each own a bigger piece of pie. It should (if you have directors who have a good understanding of capital allocation and intrinsic value) result greater earnings per share for the continuing shareholders than would otherwise have been the case if there had been no buy-back.
Ann: On-Market Share Buy-Back, page-57
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Last
$9.50 |
Change
0.430(4.74%) |
Mkt cap ! $1.717B | |||
| Open | High | Low | Value | Volume |
| $9.04 | $9.58 | $9.04 | $13.81M | 1.462M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2387 | $9.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.51 | 1694 | 1 |
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