RE:Shares 723.9 Million at the end of Q3 2020Sp they spent the 1.5 - 2 billion and got shareholders a $15.40 - $13.10 = $2.30 / $13.10 = 17.5% gain
Is that not shareholder returns?
Plus a 4% yield.
Hiigher highs and higher lows are the goal but if you jusge the share price by the low should you not take into account the high? After all who bought in at $13.10 right?
Also don't they save the dividend on 108 000 000 shares? $16.2m per Q and $64.8m per A.
Like Gunner said that would pay for a.10 cent or 16% divy boost per year.
GLTA ARX BULLS
MyHoneyPot wrote: I think the share count should be 616 million now at the end of January 2023.
So they retired 108 million shares roughly.
108/723.9 = roughly 15% of the share float. (Jan 31)
$15.40 * 616million = 9.486 billion
Impact value of buying back 108 million shares.
108,000,000 *15.40 = $1.663 billion in share value today.
If no buyback took place you could assume share value in a perfect world.
9.486 billion / 724,000,000 million shares = $13.10 share with 1.5 - 2 billion in additional cash on the balance sheet.
Does not look like the buyback has done anything for the stock except consume cash.
IMHO