To All: PITIFUL,PITIFUL,PITIFUL- Buyback = Aprox. 7.4% Per Day!!!!!
-Gross Profit down 40.3% To 40.1%
-$3.2Billion in World wide debt, $2Billion in Stock Repurchase
Yuck!!
7.4% Per day was calculated as follows:
- 2 Billion repurchase in 4QTR
- oct-dec = aprox 64 Trading Days
- Avg. Stock price assumed at $100/ Share
- Avg. Daily Volume = 4,229,000 Shares/Day
2 Billion/ $100/ share= 20,000,000 shares Bought
20,000,000 shares/ 64 Trading Days =312,500 Shares per day
312,500 Shares Per Day/4,229,000 avg Shares/Day = 7.39%
Depending on how the shares were purchased (i.e. 1K Lots)this could really manipulate the stock price (Suckers Rally!)
THIS ROLLERCOASTER IS HEADED DOWN!!!
Dan (The BEAR) |
