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Tuesday, December 18, 2012 2:25:58 PM
Actually, yes, this can be done as explained in one article about buybacks:
"Often, companies will repurchase their stock if they feel the market has undervalued it. Usually, the firm will later sell the treasury stock back after the stock value increases."
Judging from how DSNY has handled buy backs in the past (cancelling the shares as outstanding) that may not be the case. If they cancel the shares than that is more of a benefit to the shareholders as it reduces the number of shares outstanding thus making each share worth more. It also has the effect of increasing PE which again will be beneficial to shareholders if DSNY becomes profitable. It also can have a positive effect on ROA & ROE.
Recent DSNY News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/15/2024 01:01:04 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 02/27/2024 03:14:32 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/26/2024 08:18:37 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 01/16/2024 02:16:42 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 11/28/2023 11:01:54 AM
- Form 5 - Annual statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/13/2023 12:08:34 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/13/2023 12:01:54 AM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/12/2023 11:56:50 PM
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