Tuesday, October 20, 2015

Barnes and Noble to Buy Back $50M in Stocks - GalleyCat

Panzer made a quick trip over to the GalleyCAT site. Digging around in the post pile there, our big bad kitty boy found some information about Barnes and Noble.

According to a post by Dianna Dilworth, Barnes and Noble will buy back $50M worth of their common stock. Barnes and Noble has a lot going on right now. Last week they announced their new Samsung Galaxy Tab E Nook was available. Before that they did the spinoff of their college bookstore arm and they recently declared a dividend on their common stock shares.
Fewer mice ... each more valuable?

Panzer says, " Mom says when a company does a buyback, it means there are fewer shares available for sale, so each share is worth more and the company is worth more. Makes no sense to me. Less is more?"

Note: This is a short post, so a small cup of tea should suffice while you read it.

To read the post, tootle over to Barnes and Noble

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