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Re: Pennies From God post# 2686

Monday, 01/25/2021 1:29:22 AM

Monday, January 25, 2021 1:29:22 AM

Post# of 3265
My understanding is they spent one $billion buying stock back..
starting back when stock was at about $40.. and continuing
down to about $10 when they stopped buying.
So if we use a (guess) of average price of stock buyback
of $20... that means they bought back about 50 million shares.
ASSUMING MY ESTIMATED NUMBERS ARE CORRECT.
If they did the buying at higher prices... much fewer
shares would have been received.
I am not sure what my point is. :) :) :)
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