Costco, slow but sure? Message Board

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Non-Tech : Costco, slow but sure?

COST 956.74

0.0%

2:50 PM EST

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To: dale w ruckle who wrote (756)	11/5/1998 9:40:00 PM
From: Curbstone	Read Replies (1) of 1147

Net effect zero. The offer was to buy a dollar amount back not a specific number of shares. Their $550M would just buy twice as many shares as it will today. The only downside I can see is that announcing a buyback usually causes a short-term boost in price and so does the announcement of a split (generally) so doing both would serve to make their repurchase plan a little more expensive. Less shares for money, but those shares are going up in value so I guess we're back to zero. Help this hopes. :-)

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