Home Depot (HD) say that under the terms of its share buy-back, it brought in about 299 million at $37 a share. That totals 14.6% of the outstanding.
Usually, this would be viewed as good news. A lower share price means higher EPS. But, at $37, the stock, which traded as high at $38.50 last Friday, is down 3.3% to $37.
That’s what happens when you buy in your own share so cheap.
Douglas A. McIntyre
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
