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Elsewhere, the reports says that Coke will not repurchase shares of its stock until the second half of this year.
In its 2000 annual letter, the company said "we will not repurchase shares unless we believe Berkshire stock is selling well below intrinsic value,conservatively calculated".
The outlook did not include the impact of the proposed deals for the bottlers, and PepsiCo said it would not repurchase company stock until their resolution.
The average return post-buyback was 102%, less than the 131% at companies that did not repurchase.
The median postbuyback return was about equal to the returns (over the same dates) of companies that did not repurchase.
Over that period, the companies' median stock return post-buyback was 56%, far less than the 72% at companies that did not repurchase.
Similar(52)
Mr. Palaschuk had an explanation for why the company had not repurchased any shares.
For instance, he said the company has not repurchased Altria stock in about four years because it was holding back money for such things as litigation risk and legal constraints.
Would IBM shares be worth more today or less if the company had not repurchased 50 million shares between 1985 and 1990?
In other words, whenever the BOJ offloads its bonds (whether it sells them outright, or doesn't repurchase them when they mature, it makes no difference), the private sector will have to absorb the surplus.
So investors need to think about whether they want to sell off investments, such as Citigroup and Bank of America, as they could rise or fall a great deal in the month when you can't repurchase these assets.
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CEO of Professional Science Editing for Scientists @ prosciediting.com