Seeking Alpha

Best Buy (BBY) stat of the day (h/t Michael Comeau of Minyanville): The company has spent $7.6B...

Best Buy (BBY) stat of the day (h/t Michael Comeau of Minyanville): The company has spent $7.6B on buybacks and dividends since 2008, a mark greater than its current market cap of $6.05B.
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Comments (2)
  • rambler1
    , contributor
    Comments (499) | Send Message
     
    Great so all the stock options get bought back with stockholders money, and the "stuckholders" get caught with the balance.
    21 Aug 2012, 02:00 PM Reply Like
  • J Mintzmyer
    , contributor
    Comments (3738) | Send Message
     
    Ouch!! In hindsight of course... Marcap is not much of a valuation tool... My only Q is why didn't they pay off the debt like GME did?
    22 Aug 2012, 05:50 PM Reply Like
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