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Author: VUCommodore Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 212859  
Subject: Re: Felix Salmon's weird article on buyback Date: 12/13/2012 3:28 PM
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From the article:
"Buybacks are considered a good thing, on the stock market, for three reasons. Firstly, they reduce the number of shares outstanding, which means that the value of the remaining shares goes up: the company is worth the same amount, so the value per share is higher. "

Really? The company is worth the same amount? I guess WEB got to repurchase the shares for free!

This guy is clueless.
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