Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
$70 a share...sorry ,but im excited
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="clueless" data-source="post: 724639" data-attributes="member: 15572"><p>Actually, the BOD members are the ones responsible for the buyback program and it's been in place for some time (since April 2000 at the latest). I only went back a few years--these snippets are from the 10-K's since the IPO in 1999:</p><p></p><p><em>We announced a share repurchase program on April 20, 2000 under which we would utilize up to the remaining $1.2 billion not used in the tender offer. As of December 31, 2000, approximately $105 million remained available for share repurchases.</em></p><p><em></em></p><p><em>As part of our continuing share repurchase program, $1.0 billion was authorized for share repurchases in February 2002, of which $705 million was still available as of December 31, 2002.</em></p><p><em></em></p><p><em>In May 2004, a total of $1.0 billion was authorized for share repurchases as part of our continuing share repurchase program.</em></p><p><em></em></p><p> <em>In October 2004, the Board of Directors authorized an increase in our share repurchase program to a total of $2.0 billion, which superceded any previous remaining share repurchase authorization. </em></p><p><em></em></p><p><em>In August 2005, the Board of Directors authorized an increase in our share repurchase program of $2.0 billion. </em></p><p><em></em></p><p><em>In February 2007, the Board of Directors approved an increase in our share repurchase authorization to $2.0 billion. This amount replaced the remaining authority available under the previously authorized $2.0 billion share repurchase program approved in July 2006.</em></p><p><em></em></p><p><em>On October 30, 2007, the Board of Directors approved an increase in our share repurchase authorization to $2.0 billion, which replaced the remaining amount available under our February 2007 share repurchase authorization.</em></p><p><em></em></p><p><em>In January 2008, the Board of Directors approved an increase in our share repurchase authorization to $10.0 billion</em></p><p></p><p></p><p></p><p>Share buybacks are done for a number of reasons and accomplish a number of things--first of all. by reducing the number of shares outstanding, it immediately raises eps for current shareholders and creates demand for the stock (this alone should drive up pps). Secondly, in the case of a company which issues stock options, grants, etc as part of compensation, share repurchases offset the dilutive effect of those actions. Thirdly, it signals the market that the company feels their stock is a good investment (i.e, not overvalued and potentially undervalued). </p><p></p><p>This was taken from the last 10-K filed:</p><p></p><p><em>Our financial strength gives us the resources ... to return value to our shareowners in the form of dividends and share repurchases....</em></p><p><em></em></p><p><em>...We currently intend to repurchase shares in 2010 at a rate that should approximately offset the dilution from our stock compensation programs...</em></p></blockquote><p></p>
[QUOTE="clueless, post: 724639, member: 15572"] Actually, the BOD members are the ones responsible for the buyback program and it's been in place for some time (since April 2000 at the latest). I only went back a few years--these snippets are from the 10-K's since the IPO in 1999: [I]We announced a share repurchase program on April 20, 2000 under which we would utilize up to the remaining $1.2 billion not used in the tender offer. As of December 31, 2000, approximately $105 million remained available for share repurchases. As part of our continuing share repurchase program, $1.0 billion was authorized for share repurchases in February 2002, of which $705 million was still available as of December 31, 2002. In May 2004, a total of $1.0 billion was authorized for share repurchases as part of our continuing share repurchase program. In October 2004, the Board of Directors authorized an increase in our share repurchase program to a total of $2.0 billion, which superceded any previous remaining share repurchase authorization. In August 2005, the Board of Directors authorized an increase in our share repurchase program of $2.0 billion. In February 2007, the Board of Directors approved an increase in our share repurchase authorization to $2.0 billion. This amount replaced the remaining authority available under the previously authorized $2.0 billion share repurchase program approved in July 2006. On October 30, 2007, the Board of Directors approved an increase in our share repurchase authorization to $2.0 billion, which replaced the remaining amount available under our February 2007 share repurchase authorization. In January 2008, the Board of Directors approved an increase in our share repurchase authorization to $10.0 billion[/I] Share buybacks are done for a number of reasons and accomplish a number of things--first of all. by reducing the number of shares outstanding, it immediately raises eps for current shareholders and creates demand for the stock (this alone should drive up pps). Secondly, in the case of a company which issues stock options, grants, etc as part of compensation, share repurchases offset the dilutive effect of those actions. Thirdly, it signals the market that the company feels their stock is a good investment (i.e, not overvalued and potentially undervalued). This was taken from the last 10-K filed: [I]Our financial strength gives us the resources ... to return value to our shareowners in the form of dividends and share repurchases.... ...We currently intend to repurchase shares in 2010 at a rate that should approximately offset the dilution from our stock compensation programs...[/I] [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
$70 a share...sorry ,but im excited
Top