The term "printing shares" also implies shares are issued either at zero value or much below market pps. That's simply wrong. Another "foggy" view LOL.
As I pointed out in previous posts, shares were issued last year at above $1.60/sh net average cost or twice the 2011 pps average. Same may hold true for this year as we are heading to an average net cost of $1.10/sh per my estimation. Although the share issuances are diluitve from a share count point of view, they have been highly accretive so far, I must say. Also accretive based on diluted eps achieved in the past 2 years.
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