Re: Discovery - DABOSS-Giants-Share buyback question
in response to
by
posted on
Aug 18, 2010 01:39PM
The co. buys the shares back from the open market through a broker ,(restrictions do apply )
they can retire those shares or put them in the vault for future use ( equity position,buyout etc. )
Your shares become more valuable becuase the float is reduced and the EPS is raised !
Can't wait for a word from the co. on the subject !
GLTAL
Ric