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