Replies to post #2686 on Peabody Energy Corporation (BTU)

[sambeaux]

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. :) :) :)