Looks like they are doing the entire stock buyback today itself. Crossed all wall street predictions after Q1 results
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You mean like burning in hell on fire!
Would it not be better to let the stock drop alot based on the news and then buy low in a week or so for the buy back and then prop it back up?
If the waited, let the stock go down first, maybe there would be investors that would claim the loss before they propped it back up? They certainly didn't waste any time.
Wouldn't it be cheaper to settle with the plaintiffs out of court? $12B is a lot of money,
This is a really good question. I suspect that LE's ego might be bruised if they settled?
Would it not be better to let the stock drop alot based on the news and then buy low in a week or so for the buy back and then prop it back up?
@1zjv - you’re correct but keep LE’s age in mind, the old man only needs to Keep the stock up for as long as he’s alive, which at his age .... well, every year is a blessing ... so with some $60bn is cash and other liquid assets gives him a few more years before it all comes tumbling down with margin calls etc. he may not have to deal with it in this life
I guess $12B is from company accounts. The lawsuits targets both the company and individuals. Buybacks also have a side effect of increasing eps by lowering the denominator #of shares. dividend ratios also increases. I guess it might also be possible to not absorb all of the shares brought back and keep those in the company's long termed investment profile instead. Have to let experters correct me because it does appear that the action could effectively keep the cash equivalent level and allow the company to sell to investment on itself back to market anytime they wanted, and book as capital gaain or capital loss later, or absorb them later.
Wouldn't it be cheaper to settle with the plaintiffs out of court? $12B is a lot of money,
keeping the price propped up because the deadline for investors to join the class action lawsuit is October 9. Just think of it as putting a boat load of cheap lipstick on a giant RED PIG.
Interesting.... so can they just change the deadline? Wonder if the deadline was set up originally to be after the Q1 results?
Can the investors just wait to sue until O runs out of money next year and can't prop the stock up anymore?
You can't win LE, oracle dev is a disaster full of sociopathic narcissistic freaks lying their asses off to cover their own incompetence. There will never be a working oracle cloud. It's not going to happen, LE. You can't outrun it, you can prop the stock up for now, but nothing will change with the current dev management menagerie.
Basically, SC and MH, they prop up the stock with buybacks and pre-schedule a time to sell their stock options months out. It can work for so long.....
ORCL is up 19% in the last 3 months. It's one of the strongest growing mature stocks out there. You'd be a fool to not get on this up tick. If you actually read the Financials then you'll understand why investors are betting big on ORCL.
you definition of "on fire" is a bit odd.
Price is up like 2%. whats the big deal?
Many lawsuits all over the world.
Employees whistleblowing.
Cloud sold nobody uses but management does not track.
Cloud revenues that are reported in new and imaginative ways.
Massive stock buybacks. Same stock that executives sell.
If LE, MH, SC, TK and CW think they are escaping from something they are id--ts. They are just massively reinforcing they knew it all... like of course they did.
Buy shares with the company's cash and debt while the execs sell their own shares.
Yes of course they can sell shares. Nice ponzi scheme, eh?
Its all public disclosure..
Dropped a load at the depot, feel lighter.
Do executives and board get to sell shares in a buyback? Get some of the $12B allocated?
For these civil cases, if plaintiffs can't identify a loss in the booked amount, the cases get dismissed. If not dismissed, compensation is 0 if loss is zero or the plaintiffs gained a profit. So as long as buybacks push up the stock price near all-time high for the next few periods, then LE and Co gets away free
keeping the price propped up because the deadline for investors to join the class action lawsuit is October 9. Just think of it as putting a boat load of cheap lipstick on a giant RED PIG.
LE, MH, SC, TK and CW not sleeping well because they know time is running out.