Buybacks adding value: “The math isn’t complicated: When the share count goes down, your interest in our many businesses goes up. Every small bit helpsif repurchases are made at value-accretive prices. Just as surely, when a company overpays for repurchases, the continuing shareholders lose. At such times, gains flow only to the selling shareholder and to the friendly, but expensive, investment banker who recommended the foolish purchases.”
Oracle of Omaha" said he is a fan of Cook's stock repurchase strategy, and how it gives the conglomerate increased ownership of each dollar of the iPhone maker's earnings without the investor having to lift a finger.
What about the qualification by Buffet?
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$7.66 |
Change
0.000(0.00%) |
Mkt cap ! $6.408B |
Open | High | Low | Value | Volume |
$7.75 | $7.78 | $7.56 | $22.18M | 2.904M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 10807 | $7.65 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.67 | 10040 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 33440 | 7.620 |
1 | 11404 | 7.610 |
3 | 5686 | 7.600 |
5 | 23059 | 7.590 |
1 | 133 | 7.580 |
Price($) | Vol. | No. |
---|---|---|
7.680 | 13902 | 4 |
7.690 | 9438 | 4 |
7.700 | 23500 | 2 |
7.730 | 7763 | 7 |
7.750 | 500 | 1 |
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