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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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Noisiv
Senior Member
Posts: 8186
Joined: 2010-11-16
Senior Member
Posts: 8186
Joined: 2010-11-16
#5913854 Posted on: 05/20/2021 01:03 PM
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.
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.
Brit90
Senior Member
Posts: 122
Joined: 2016-11-08
Senior Member
Posts: 122
Joined: 2016-11-08
#5913885 Posted on: 05/20/2021 03:14 PM
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.
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.
Brasky
Senior Member
Posts: 2393
Joined: 2011-05-19
Senior Member
Posts: 2393
Joined: 2011-05-19
#5913888 Posted on: 05/20/2021 03:35 PM
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.
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.
Loobyluggs
Senior Member
Posts: 4766
Joined: 2008-09-07
Senior Member
Posts: 4766
Joined: 2008-09-07
#5913923 Posted on: 05/20/2021 05:57 PM
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.
Is this even legal -> announcing a buyback without specifying a period.
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.
Click here to post a comment for this news story on the message forum.
Posts: 6781
Joined: 2008-03-06
So, invest?