XYZ Inc., a publicly traded company, has the following characteristics: a. 100 million shares trading at $ 10 a share. (Market cap = $1000) b. A cash balance of $ 200 million, earning 2% a year annualized. c. Total net income of $ 40 million (giving the company a PE ratio of 25 today).
Buybacks and Stock Prices: Good or bad news?
Buybacks and Stock Prices: Good or bad news?
Buybacks and Stock Prices: Good or bad news?
XYZ Inc., a publicly traded company, has the following characteristics: a. 100 million shares trading at $ 10 a share. (Market cap = $1000) b. A cash balance of $ 200 million, earning 2% a year annualized. c. Total net income of $ 40 million (giving the company a PE ratio of 25 today).