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Now you are confusing outstanding shares with market float. Shares repurchased become treasury stock and are now apart of equity.
by phyalow 11y ago
Now you are confusing outstanding shares with market float. Shares repurchased become treasury stock and are now apart of equity.
- JDDunn9 11y agoWhether the company destroys the shares or retains them as treasury stock is irrelevant. Investors don't care if their share price went up by 10%, or if they effectively have 1.10 shares.