Oil companies like to boast that their record-breaking profits are largely invested in infrastructure, exploration for new sources of "Texas tea," and in exploring "green alternatives." But, according to an AP story, the bulk of oil companies' earnings have gone not into exploration, but to stock buybacks...
WASHINGTON -- InPhonic, Inc. (NASDAQ:INPC), a leading online seller of wireless services and products, today announced that its board of directors has approved a stock buyback program of its common stock.
SUNNYVALE, Calif. -- Palm, Inc. (Nasdaq:PALM) today announced that its board of directors has approved a stock buyback program of up to $250 million of its common stock.
CAMARILLO, Calif. -- Semtech Corporation (NASDAQ:SMTC) today announced that its Board of Directors has authorized an additional $50 million for the Company's current stock buyback program. The program authorizes the repurchase of common stock from time to time through negotiated or open market transactions.
SANTA CLARA, Calif. -- Applied Materials, Inc. announced today the repurchase of 145 million shares of its common stock for approximately $2.5 billion cash under an accelerated stock buyback program. This stock buyback, combined with repurchases of nearly 9 million shares previously made during the current fiscal quarter, has resulted...
Many companies engage in stock buyback programs, or redemptions, often for financial reasons but occasionally for tax purposes. In May, the Court of Federal Claims denied a $42.5 million refund sought by processed-food manufacturer H.J. Heinz Co. for Many companies engage in stock buyback programs, or...
There are a number of ways in which a company can return wealth to its shareholders. Although stock price appreciation and dividends are the two most common ways of doing this, there are other useful, and often overlooked, ways for companies to share their wealth with investors. This paper, will...
BALA CYNWYD, Pa. -- Entercom Communications Corp. (NYSE:ETM) today announced that its Board of Directors has approved a fourth stock buyback authorization of up to $100 million of the Company's common stock, with the amount and timing of repurchases depending on market conditions. Under the existing $100 million authorization announced...
American Physicians Service Group, Inc. ("APS") (NASDAQ: AMPH) today announced that it had completed the $2,000,000 stock buyback plan announced in December of last year and that its Board of Directors had authorized the repurchase of up to an additional $2,000,000 of the Company's outstanding common shares.
BRYN MAWR, Pa. -- Bryn Mawr Bank Corporation (NASDAQ:BMTC) today announced that its Board of Directors has authorized a stock buyback program under which the Corporation's management can repurchase up to 450,000 shares, which represents 5.26% of its outstanding common shares, at a cost not to exceed $10 million.
Power tool maker Black & Decker Corp., of Towson, said it increased its stock buyback program by 4 million shares. The company repurchased approximately 4.3 million shares in the third quarter and 5.4 million shares year-to-date. With the latest authorization, about 4.9 million shares are approved for the repurchase program,...
The positive stock price reaction to stock buyback announcements reported in many studies is commonly interpreted as a signal that the firm's future profitability will rise, or that the firm is increasing its leverage toward a more optimal capital structure. This paper examines a sample of 7,079 buybacks that were...
It is generally concluded that if a company is buying back its own shares on the open market it's clearly a sign the board thinks the company is poised to do well. This article informs that just because a company starts repurchasing its shares, one shouldn't automatically conclude that their...
A well-planned stock buyback has several advantages such as issuance of stock to employees, deployment of excess cash flow, return money to shareholders more efficiently than twice-taxed dividends, and improve capital structure. The process can also strengthen the stock. The paper emphasizes the pros and cons of repurchasing stocks to...
In the current circumstance, in which stocks appear to have a near-zero or negative risk premium relative to government bonds, is abnormal in the extreme. Even if one percent is added to the risk premium, to allow for the impact of stock buybacks, today’s risk premium relative to the more...
In recent years, hundreds of U.S. corporations have engaged in programs to repurchase tens of billions of dollars worth of shares of their own stocks. A number of corporations have used options strategies in conjunction with stock buyback programs. This document explores ways to improve corporate finance by using listed...
With many stocks trading well below their 12-month highs, finance executives are on the spot. Do they support their "undervalued" stock with an aggressive buyback? Or do they hang on to their cash in case the market is right? Finance executives' confidence in their companies is being tested big time...
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