Member Info for jacklevi

Is this finally waking up from slumber? Nope just you dreaming.

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Is that the same James Parsons of SOU Infamy.

If it is good luck you may need it plenty of it.

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Anyone Spot on any one thinking buy backs are a good thing take a look at UJO Total waste of money.

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This has all the hallmarks of a Parsons hype be very very careful we suffered the same crap when he was in charge at SOU and people lost a great deal of money following his narrative.

The last i heard it was 35.5/64ths of an inch.

Hearing there’s mucho good news on the way from #UJO particularly #Wressle huge upgrade on OIP & bopd could be upto 2,000bopd….

So if i don`t sell and the sp goes to zero and the co goes bust where do i get my money back ?

Well said.

The good old days where are they all now ?

Some Buyback Cons
For years, it was thought that stock buybacks were an entirely positive thing for shareholders. However, there are some downsides to buybacks as well. One of the most important metrics for judging a company's financial position is its EPS. EPS divides a company's total earnings by the number of outstanding shares; a higher number indicates a stronger financial position.

By repurchasing its stock, a company decreases the number of outstanding shares. A stock buyback thus enables a company to increase this metric without actually increasing its earnings or doing anything to support the idea that it is becoming financially stronger.

As an illustration, consider a company with yearly earnings of $10 million and 500,000 outstanding shares. This company's EPS, then, is $20. If it repurchases 100,000 of its outstanding shares, its EPS immediately increases to $25, even though its earnings have not budged. Investors who use EPS to gauge financial position may view this company as stronger than a similar firm with an EPS of $20 when in reality the use of the buyback tactic accounts for the $5 difference.

Benefits of Share Buybacks
The theory behind share buybacks is that they reduce the number of shares available in the market and—all things being equal—increase EPS on the remaining shares, benefiting shareholders. For companies flush with cash, the prospect of bumping up EPS can be tempting, especially in an environment where the average yield on corporate cash investments is barely more than 1%.

In addition, companies that buy back their shares often believe:

The stock is undervalued and a good buy at the current market price. Billionaire investor Warren Buffett utilizes stock buybacks when he feels that shares of his own company, Berkshire Hathaway Inc. (BRK.A), are trading at too low a level. However, the annual report emphasizes that Berkshire's directors will only authorize repurchases at a price they believe to be well below intrinsic value.5
A buyback will create a level of support for the stock, especially during a recessionary period or during a market correction.
A buyback will increase share prices. Stocks trade in part based upon supply and demand and a reduction in the number of outstanding shares often precipitates a price increase. Therefore, a company can bring about an increase in its stock value by creating a supply shock via a share repurchase.