NJ5 on 12 February 2010
| stof said: Wait, someone answer this. is the billion dollar stock buyback considered to be 1 billion of expenses, or is it wealth neutral, since they now have the wealth of that stock? |
I am trying to figure that out as well. My preliminary opinion is that it reduces net income, but not by $1 billion.
However I have asked this to more knowledgeable people, and I'll post the answer when I get it.
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