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Originally Posted by frahse
Yet for 2 weeks, the public didn't know of the Buyback. I think that papers must be filed with the SEC but public notice doesn't have to be given immediately. (There are arguably valid reasons for this.)
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That's right.
Quote:
Originally Posted by frahse
For years Steve Jobs resisted buy backs just as he resisted dividends. You can see his stingy side in the movie "Jobs" where he lies to Woz and only gives him $350 for his work on the Atari game whereas he should have gotten half of $5,000. Later he nixes out founder shares for the technicians that helped him and Woz.
Your point later about GE is valid.
I too am long on GE, and like XOM which I mention elsewhere, GE is diversified with a sustainable long term life.
Apple is $517.35 today, as the "faithful" start to lose heart. Apple would have done better to raise the dividend. In a week or two that buyback effect will have vanished.
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Buyback means there are less shares, so revenue per share increases. This should increase the value of each remaining share. Dividends decrease the value of the company and dilute the value of each share. Companies that consistently pay dividends AND grow share price are creating a lot of value.