I don’t know why things can’t be easy. Joe kee
Post# of 36564
(Total Views: 223)
Posted On: 09/16/2019 4:57:40 PM
I don’t know why things can’t be easy. Joe keeps saying “retire” the shares, but now says they are being retired to the treasury. They are 2 different things. Retired shares add value and I’m not sure what the treasury shares will do.
https://pocketsense.com/difference-treasury-s...-5262.html
Comparison
Acquisition of a company's own stock is an equity transaction that results in no gain or loss on the company's books, regardless of the price paid for the stock. The transaction results in a contra-equity item that is reported as a debit against stockholder equity. Treasury shares do not earn dividends and do not provide the company with additional votes at the annual stockholders’ meeting. Treasury stock can be made available for employee incentive plans or reissued for sale to the public, whereas retired shares are canceled and cannot be used for any purpose. Retired shares reduce both the number of issued and outstanding shares of stock, typically making each share of outstanding stock proportionately more valuable.
https://pocketsense.com/difference-treasury-s...-5262.html
Comparison
Acquisition of a company's own stock is an equity transaction that results in no gain or loss on the company's books, regardless of the price paid for the stock. The transaction results in a contra-equity item that is reported as a debit against stockholder equity. Treasury shares do not earn dividends and do not provide the company with additional votes at the annual stockholders’ meeting. Treasury stock can be made available for employee incentive plans or reissued for sale to the public, whereas retired shares are canceled and cannot be used for any purpose. Retired shares reduce both the number of issued and outstanding shares of stock, typically making each share of outstanding stock proportionately more valuable.
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Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.