AMD Announces $4 Billion Share Repurchase Program
AMD announced that its Board of Directors approved a new share repurchase program. Under this program, the company intends to repurchase up to $4 billion of outstanding AMD common stock. AMD expects to fund repurchases through cash generated from operations which have been strengthened by the company’s strong operational results.
“Today’s announcement reflects our confidence in AMD’s business and the successful execution of our multi-year growth strategy,” said Dr. Lisa Su, AMD president and CEO. “Our strong financial results and growing cash generation enable us to invest in the business and begin returning capital to our shareholders.”
Under this program, which is designed to return value to AMD stockholders, offset dilution from stock issuances, and reduce share count over time, the company will repurchase stock in the open market. This repurchase program has no termination date and may be suspended or discontinued at any time.
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Senior Member
Posts: 8230
Joined: 2010-11-16
Is this even legal -> announcing a buyback without specifying a period.
PS
stock buybacks - that's where your jobs went. instead of investing in growth and R&D lets do some gambling. considered illegal until 1982.
CEOs love it.
Senior Member
Posts: 124
Joined: 2016-11-08
Is this even legal -> announcing a buyback without specifying a period.
PS
stock buybacks - that's where your jobs went. instead of investing in growth and R&D lets do some gambling. considered illegal until 1982.
CEOs love it.
The companies now make more money with the buyback stock.
I can't find a youtube link - but this is the only link I found with AOC explaining it -5 minutes -
https://www.facebook.com/AOCFans/videos/aoc-questions-how-stock-buybacks-are-different-from-illegal-pyramid-schemes/367738077180619/
She explains it incredibly well.
Senior Member
Posts: 2531
Joined: 2011-05-19
The companies now make more money with the buyback stock.
I can't find a youtube link - but this is the only link I found with AOC explaining it -5 minutes -
https://www.facebook.com/AOCFans/videos/aoc-questions-how-stock-buybacks-are-different-from-illegal-pyramid-schemes/367738077180619/
She explains it incredibly well.
That chicks a nut job, just make sure you check an alternate source or a secondary source for anything she says.
Senior Member
Posts: 5031
Joined: 2008-09-07
They did specify a period - "This repurchase program has no termination date and may be suspended or discontinued at any time.".
So, they are going to be buying back $4bn of stock. They announced it, and if they wish to change the process, they will notify everyone.
Posts: 7269
Joined: 2008-03-06
So, invest?