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Then, within a few months, the stock was $20 and we repurchased it.
"We repurchased over $1 billion in company stock and, separately, found a tax-efficient way to give $1.5 billion back to shareholders," he says.
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As a team member of AOL, we have created a program that will keep the full value of your ownership as a result of this transaction and will allow you to own a bigger share of the company as we repurchase our equity.
"In many, many cases, we will repurchase those same stocks, many almost immediately," Mr. Parker said.
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".
Joseph M. Evangelisti, a spokesman for JPMorgan, declined to discuss the bank's mortgage liability exposure in depth, saying only: "We stand by our obligations under the agreements in question and we will honor our obligation to repurchase any loan that should be repurchased under the terms of those agreements".
"We believe Apple is dramatically undervalued in today's market, and the more shares [are] repurchased now, the more each remaining shareholder will benefit from that earnings growth," Icahn wrote.
Much of this exposure comes from mortgage-backed securities taken over by the government during the crisis and subsequently repurchased by AIG".We have a detailed understanding of these assets," says Mr Benmosche.
Wal-Mart has repurchased $300 million of stock under the first plan, leaving $2.7 billion available for repurchases.
Sold in 1969, repurchased.
It just repurchased 2.6 million shares.
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