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...
By Franklin Paul NEW YORK (Reuters) - Eastman Kodak Co EK said on Tuesday it would buy back up to $1 billion of its stock, driving the photography company's share price up nearly 17 percent from historical lows. Kodak said it would fund...
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...
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...
From the executive summary: ‘Companies use derivatives such as forward share repurchases or writing put options on their own stock for a variety of tax and hedging purposes during stock buybacks or employee stock option programs. Derivatives are not the biggest profit-generating product of investment banks, but are still a...
From the executive summary: ‘Some people believe that markets are the pure vehicles that always value every stock correctly. The conundrum is that the time to buy back stock is when share price is low. Yet, the economic conditions that often prevail at such times, lower sales, less cash, and...
Peerless Systems Corporation (NASDAQ: PRLS)today announced that the Company's Board of Directors authorized therepurchase of up to 2.0 million shares of common stock, in accordance witha written plan adopted pursuant to Rule 10b5-1 under the SecuritiesExchange Act of 1934, as amended. Chairman of the Board Timothy E. Brog said, "This...
Hunt Gold Corporation (PINKSHEETS: HGLC)confirms that the Company has agreed the terms of the sale of its "AmericanMolygold" Mining & Exploration interests. The proceeds from the sale of these "Molygold" interests are to beimmediately upon the Company's receipt; be utilized to effect a substantialshare buyback of the Company's "free float"...
Hunt Gold Corporation (PINKSHEETS: HGLC)announced on July 14, 2008 that certain Investment Groups had assumedvoting control of the Company and the Board of Directors, with theassistance of these Investment Groups, and that the Company will definitelybe disposing of its "Molygold" interests very shortly. Stockholders are advised that the Company has...
WESTPORT, Conn. -- Terex Corporation (NYSE: TEX) today announced that its Board of Directors has authorized an increase in its share repurchase program, under which the Company now may purchase an additional $500 million of the Company's outstanding common shares. This brings the total amount that may be repurchased under...
Hunt Gold Corporation (PINKSHEETS: HGLC)announced on July 11, 2008 that certain Investment Groups had now assumedvoting control of the Company and that the Board of Directors, with theassistance of these Investment Groups, was in discussions to dispose of itsrecently acquired "Molygold" assets. The Board of Directors can now confirm that...
ELMWOOD PARK, N.J. -- Bio-Reference Laboratories, Inc. (NASDAQ: BRLI) announced today that its board of directors has approved a Stock Repurchase Program authorizing the repurchase of up to 1,000,000 shares of its Common Stock in the over-the-counter market at prevailing market prices through October 31, 2010. The board of directors...
Hunt Gold Corporation (PINKSHEETS: HGLC)confirmed on July 10, 2008 that certain Investment Groups had now assumedvoting control of the Company. The Board of Directors advises its stockholders that with the assistance ofthese Investment Groups, the Company is in discussions to dispose of itsrecently acquired "Molygold" assets. The intention is to...
COLUMBIA, Md., July 9 /PRNewswire-FirstCall/ -- MICROS Systems, Inc. , a leading supplier of information systems to the hospitality and retail industries, today announced that its Board of Directors has approved the repurchase of an additional 2,000,000 shares of its Common Stock over the next three years. This follows...
PETACH TIKVA, Israel, July 7 /PRNewswire-FirstCall/ -- Internet Gold Golden Lines Ltd. (NASDAQ Global Market and TASE: IGLD) today announced that its Board of Directors has authorized the repurchase of up to NIS 70 million (approximately U.S. $21 million) of the Company's ordinary shares. This is the second repurchases...
