Baxter International Announced $2 Billion Share Buyback

Although the market is down this morning, our Buy List isn’t down nearly as much. In fact, we just passed the 15% outperformance mark.
The good news today isn’t terribly good news. Baxter International (BAX) just announced a $2 billion share buyback. I’ve grown to hate share repurchases. Just give me the money and don’t worry about the share price.
This is a pretty big repurchase from BAX. The company has 605 million shares, so that’s over $3 a share or about 6% of the share price.

Posted by on July 28th, 2009 at 11:40 am


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