Oct
13

What’s my Share?

Firms frequently buyback their own shares when they think they are undervalued. Problem is, firms often get it wrong! So far this year HP has spent $7.6 billion to buy 200 million shares at about $38/share. In ’10 HP spent $11.3 billion to buy 250 million shares at about $44/share. HP shares currently trade at $24! That is a loss of over $8 billion. Their new CEO says they will moderate their buybacks! Brilliant.

Share This Post
Facebook Twitter Email

Speak Your Mind

*