These repurchased shares are then reissued to employees, leaving the number of outstanding shares unchanged.
In each case, the shares have been repurchased for more than their current price.
BofA was taken back when Fannie requested mortgages originated in the early 2000s to be repurchased.
The company also noted that it repurchased 3.6 million shares in the quarter.
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He's also still holding his Abercrombie shares since the company has repurchased 8% of its shares over the past year.
To make that list, a stock must have repurchased at least 5% of its outstanding shares over the trailing twelve month period.
The shares it repurchased were from the estate of a long-time shareholder.
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The wash sale prevents a loss from being realized if a substantially identical security is repurchased within 30 days of a sale.
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In a short sale, a trader sells borrowed stock, hoping it will fall in price and can be repurchased later at a profit.
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After the dust has settled and the scare now in the past, those same equities may now have to be repurchased at higher prices.
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He astutely turns the tables to show the house being repurchased by progressive whites in what is now a black neighborhood in 2009 Obama-era America.
We find that 25% of the subsidiaries in our sample are repurchased before 2007, and that parent shareholders earn positive returns when these repurchases are announced.
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The company noted the raised earnings guidance reflected increased sales expectations and shares repurchased through June 30, interest on borrowings, and a lower full year tax rate.
Microsoft repurchased more stock in the third quarter of calendar 2010 than any other company in the nation, according to data pulled from Thomson Reuters via FactSet Research Systems.
Historically, these are stocks that were sold for tax reasons late in the prior calendar year and repurchased the following January because investors still think the stocks are fundamentally attractive.
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Berkshire Hathaway has a prodigious appetite for dividend-payers in its investment portfolio, but the Oracle of Omaha himself has long refused quarterly or annual payments to shareholders and only recently repurchased stock.
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According to the National Association of Securities Dealers, in 1996 Sitomer and Rome sold stock in a company they were underwriting, then repurchased the stock and resold it at a higher price.
The amount it repurchased would depend on its cash balance, the attractiveness of other investment and business opportunities, and how much the managers believed the shares were discounted compared to intrinsic value.
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