/biz/ - Business & Finance

Okay babies want to cum? BBBY announced $525,000,000 of buybacks till end of Q4 in Feb 2021. Total float is at 121.22 million. Meaning at current share price of 25.60, the $525m/$25.60 = 20,507,812 number of shares to be bought back till Feb 2021. (121.22m x 25.6)/(121.22m - 20.5m) Brings us to a post-buyback share price value of $30.8. BUT at a share price of like $28, that turns into 18.75m shares bought back but that numerator increases a bunch......at $28 share price by the end of Feb we have a share price of $33.12....but obviously this value is not static at all. As the underlying
BBBY share price increases from the current $25 those buybacks will take share price over $30 well into the 30's, so on so forth as the share buybacks finish up their course going into Feb 2021. Lots of technical forces driving this share price up.

So babies tell me.....do....you....want....to.....CUM.