"Plunge Protection Team"
7 replies (most recent on top)
The purpose of buyback wasn't to raise the stock but try to prevent it from going down more and more
If the corporate kool aid is diluted, buyback some powder. Then redilute as needed. Soon we will all sing the praises of financial engineering.
A good article explaining why borrowing for finding the stock buy back makes sense for qualcomm. Please read it y'all b!tches.
http://m.seekingalpha.com/article/3190506-qualcomm-vs-mcdonalds-when-using-debt-for-buybacks-is-ok
dividends return CASH to shareholders. buybacks are an illusion to counter dilution
QCOM took on $10 billion in debt...to fund share buybacks and return some of its $29.5 billion cash stockpile to shareholders.
Shares outstanding is down to July 2010 levels. Mission Accomplished