2013年7月29日 星期一

Caterpillar將買回10億美元自家股票

mikeon88 發表於 2013-7-30 04:38  





Caterpillar Launches $1 Billion Accelerated Buyback Plan
By Rich DupreyJuly 29, 2013 

Having completed one share repurchase agreement last month for $1 billion, heavy-equipment manufacturer Caterpillar (NYSE: CAT ) announced today that it's launching a second round of buybacks, purchasing the stock from Societe Generale, one of the largest European financial-services groups.
The international financier will immediately deliver approximately 11 million shares based on current market prices, with the final number of shares bought back based on Caterpillar's volume-weighted average stock price during the period the agreement remains in effect, which is expected to be completed by September.
Noting the repurchase of $2 billion worth of stock this year and having raised the company's dividend by 15% last month, Caterpillar Chairman and CEO Doug Oberhelman said, "The continued strength of our balance sheet and strong cash flow puts us in a good position to reaffirm our commitment to stockholders, even in the midst of a downturn."
In February 2007, the board of directors authorized the repurchase of $7.5 billion of company stock, and in December 2011, it extended the authorization through December 2015. Through the end of the second quarter of 2013, $4.8 billion of the $7.5 billion authorization was spent.


mikeon88 發表於 2013-7-30 14:23  

美股只要股價便宜就進來買庫藏股,而且這麼大手筆,
難怪股價漲不停 !
上次MHFI股價被打下來,也宣佈買回庫藏股。

而且我相信美國財務專業人士都有用股息折現公式在評價股票,
每次都跟盈再表算得差不多。


Josephchu0616 發表於 2013-7-30 15:26  

根據Caterpillar 2011 10k
他們給經理人相當約5千5百萬股(約9-10%的流通股數)的options,exercise 價格約53元,即使repurchase後股數還是很多,Coach也有類似現象,5年買回了快20%的股票,但management exercise 之後只剩減少9%。公司很大方。


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