4 ms·
But don't buybacks usually mean they bought back the shares and eliminated them? It no longer exists. It's not sitting in any account.
by AznHisoka 7y ago
But don't buybacks usually mean they bought back the shares and eliminated them? It no longer exists. It's not sitting in any account.
- airstrike 7y agoStock that is bought back is called "Treasury stock", and it can either be retired or held for resale in the market https://www.investopedia.com/terms/t/treasurystock.asp https://www.investopedia.com/terms/t/treasurystock.asp
- jbverschoor 7y agoThey can issue new shares if they want. Also, how come they’re in trouble if everybody paid for their tickets, and they’re not flying?
- jandrese 7y agoAirlines have been issuing refunds. Also, new bookings have fallen off of a cliff.
- jbverschoor 7y agoInteresting
- kgwgk 7y agoHow many tickets would you say they will be selling in the near future?
- tathougies 7y agoThe board of directors of any joint stock company can create new shares out of thin air by majority vote.