Loading ...away from a company that does a reverse split,away from any company that buys back its own stock.
because it has NO future.They are telling you they cant see where they are going to earn any money with their previous earned money …So they are going to invest in a company (thier own) thats a bad investment…They know thier own company better than any anaylist dont they !They could buy an annuity and transfer that risk ,to someone else.They could buy a growing company ,if they could find one.They could buy GOLD ,if they were among the first ones in before prices get driven up…They could buy any mines with reserves of any kind.They could buy oil and just store it…Buying back stock does NOT really increase EARNINGS ,it reduces the number of people that share its earnings …Thats a BIG difference..!
Its a Managements way of saying Im going to create an illusion of increased earnings while I BAIL out leaving you to live with the illusion. ITS ME first then the Stockholders ..Management should be fired immediately..At GM Mary BARA is among the highest paid in the AUTO business Higher paid than the CEO of TOYOTA who runs a FAR more profitable company.CUT her PAY first ,cut her JOB first !
ALL these CEO’s with females in charge are no better than their male counterparts .They are counting on Social sympathy’s to keep you from bailing out before they do….emotions have no place in earnings per share..Its like electing Obama to the Presidency ,its politically correct ,but ends in bankruptsy.