TMFTwitty wrote:"Since TransAct was first authorized in March to begin repurchasing its shares, it bought back 122,000 shares in Q2 and, as revealed yesterday, 409,000 in total. The 287,000-share difference between those numbers will therefore be subtracted from the number of shares among which TransAct's ultimate Q3 profits will be divided.... Next quarter, however, shareholders should remember that the reduced share count will inflate profits per share somewhat compared with the second quarter."---------When stocks split, historical prices and price-charts get adjusted. But when stock buybacks occur, no adjustments are made? It seems to me that if third quarter profits-per-share are going to be "inflated", then that is a distortionary event that ought to be remedied just like historical pricing is when a split occurs. The investing public needs to be served up apples-to-apples comparitive data. What would be wrong with adjusting historical EPS when stock buybacks occur??? In terms of a mandatory reporting practice.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra