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<blockquote data-quote="clueless" data-source="post: 859065" data-attributes="member: 15572"><p>Uh...no kidding the stock tanked when the scandal first came to light. Duh. HOWEVER--it clearly soared--yes <em>soared-</em>-6% is quite a move on a market cap of nearly $43 BILLION--while Murdoch was testifying.</p><p></p><p>As far as the stock rising because of the buyback--that's really hysterical given that--even according to your own link--the buyback was just announced--not implemented. Like any share repurchase, it's going to be implemented in tranches over time. This is what the article YOU are basing your ridiculous claim says:</p><p></p><p><em>The company plans to repurchase Class A and Class B shares <u>from time to time<strong> over the next 12 months.</strong></u></em></p><p><em><u><strong></strong></u></em></p><p>No, the stock rise <em>during their testimony (</em>not 'from time to time over the next 12 months') was the general market sentiment towards the performance of both Murdochs. If you think investors would've committed more capital to a company whose stock was in market freefall without good reason--as in the CEO holding his own quite well during what the haters were hoping would've been a bloodbath--then you are the clueless one.</p></blockquote><p></p>
[QUOTE="clueless, post: 859065, member: 15572"] Uh...no kidding the stock tanked when the scandal first came to light. Duh. HOWEVER--it clearly soared--yes [I]soared-[/I]-6% is quite a move on a market cap of nearly $43 BILLION--while Murdoch was testifying. As far as the stock rising because of the buyback--that's really hysterical given that--even according to your own link--the buyback was just announced--not implemented. Like any share repurchase, it's going to be implemented in tranches over time. This is what the article YOU are basing your ridiculous claim says: [I]The company plans to repurchase Class A and Class B shares [U]from time to time[B] over the next 12 months. [/B][/U][/I] No, the stock rise [I]during their testimony ([/I]not 'from time to time over the next 12 months') was the general market sentiment towards the performance of both Murdochs. If you think investors would've committed more capital to a company whose stock was in market freefall without good reason--as in the CEO holding his own quite well during what the haters were hoping would've been a bloodbath--then you are the clueless one. [/QUOTE]
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