From who and for what price?
Off the NYSE at market price. They put in a “buy” through whatever brokerage it uses, buys whatever is available up to the amount of available stock or max purchase amount.
This improves the company bottom line, makes the company more competitive and allows it to sell the stock in the future to fund expansion, etc as necessary. The company apparently doesn’t need to expand at this time. Same as Apple and Amazon which are flush with unspent income.
From whomever wishes to sell on the open market...The Stock Market handles this.
When a Corp buys back some of it’s shares, that mean that the Dividends that they pay out will be reduced. That extra profit will be available for expansion. With lower Corp taxes from Trump’s plan, they can open more stores, etc. That means MORE JOBS !!! Why cannot any person in the media understand this???
I NEVER got to spend my GROSS PAYCHECK-—and neither did any of you here on FR. We ONLY got to spend the NET PAYCHECK.
With lower taxes for us, we are , in effect, also getting a raise.
The monumental lack of any media person understanding this makes my blood boil.