There was some noise around progress of buyback worth xx amount at $61 per share average , do we know how much still buyback is pending ?
Looks like the stock is holding at 50ish. Once BB completed, I wish good luck !!!
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wait for 3/12 for more clarity. Will SM still be in the board ?
It's helping the stock price and WS all right for now.
$7billion can be burnt quickly enough on exec pay and lawsuit settlements.
Last earnings call they had completed 60% of the buyback. They have averaged the buyback at $61 as of the last earnings.
Sounded like they have 7 Bil in cash now, unclear how that will evaporate.
Holding strong at $51. Looking for a floor of $40 post FTC ruling and lower once Apple resumes its patent attacks. Legal budget doubled for 2nd half 2019.
Actually, the BB is way less than 30B and it was completed some time ago. During one Q&A with CA last year, he hinted the target price was met before the money was spent, so they cancelled the rest of BB and claimed victory. He also said that the rest of money was available for big M&As which are not happening to my best knowledge.