Let me say from the beginning, Share buy back is something new to me. All the other companies I have invested in actually issued more shares to raise money.
I see the reasoning, less shares floating around mean earnings per share increase .
Like a ponzi scheme in reverse.
Does not mean greater revenue.
To increase revenue, you need to increase sales.
R&D , recruiting quality personnel will increase sales.
To do this you need to spend $. Build the business.
Share buy back increases the share price, good if in a few years the company wants to do a Cash raise and issue more shares.
Ann: Update - Notification of buy-back - PME, page-7
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Last
$179.02 |
Change
1.260(0.71%) |
Mkt cap ! $18.70B | |||
| Open | High | Low | Value | Volume |
| $177.38 | $181.28 | $177.00 | $24.00M | 133.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 121 | $179.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $179.25 | 275 | 1 |
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