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Strategies & Market Trends : Turnarund Investing
NOVS 0.0666-16.0%Aug 1 5:00 PM EST
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To: batman10023 who wrote (978)5/2/2012 3:48:17 PM
From: grahamcracker  Read Replies (1) of 1876
 
<<...share repurchases don't get capital out of the company >>

Huh?

Credit cash and debit Treasury Stock which is a contra-equity account, right? Capital gone and duly accounted for. You don't carry purchases of your own stock on the balance sheet as an asset.

What am I missing?
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