Quote:
Originally Posted by HansTWN
But I wouldn't call Apple's current price "depressed", more like "still inflated, but getting closer to a realistic level".
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Ding! Ding! Ding!
BTW, stock repurchases equal to employee stock options is a common gimmick to (gasp!) reduce employee tax bills.
(If they gave the bonus to the employees as money it gets taxed as income. If they get stock options at very low price, the employees get the bulk of the value taxed lower, as a capital gain, when they sell the stock.)
So instead of giving the bonus in cash, they give them stock and then buy it back at market price. Sharehoders don't get their equity diluted, the employees get a few more nickels to rub together and the taxman grinds the teeth: "Curses! Foiled again!"