GoDaddy to do a share buyback of $500 million stock up 16%

[equity78]

GoDaddy (NYSE:GDDY) is up 16% today, the company announced strong earnings yesterday and a share buyback. CNBC broke it down Key Points GoDaddy on Wednesday announced its biggest ever share buyback of $500 million.The company reported a 12% rise in quarterly revenue as the web hosting company earned more per user, sending its shares up 10% in extended trading.Average revenue per … [Read more...]

 

[Robin Hablani]

GoDaddy (NYSE:GDDY) is up 16% today, the company announced strong earnings yesterday and a share buyback. CNBC broke it down Key Points GoDaddy on Wednesday announced its biggest ever share buyback of $500 million.The company reported a 12% rise in quarterly revenue as the web hosting company earned more per user, sending its shares up 10% in extended trading.Average revenue per … [Read more...]

All thanks to us, lol!

 

[Samer]

Aren't Share buybacks a waste of money?

Godaddy could have better spent that money..

 

[Robin Hablani]

Aren't Share buybacks a waste of money?

Godaddy could have better spent that money..

This will result in increasing the market price of the shares, I think...

 

[Samer]

This will result in increasing the market price of the shares, I think...

Artificially inflating it, by destroying shares bought.

it’s essentially, burning your money on fire.

 

[Robin Hablani]

Artificially inflating it by destroying shares bought

it’s essentially, burning money on fire.

Yes, lol.....This is only the way for a Company to become bigger...

 

[Samer]

Yes, lol.....This is only the way for a Company to become bigger...

Can get away with it, if you’re Apple ($205 billion cash)

Godaddy... think, needs to innovate more, not this BS

 

[equity78]

Aren't Share buybacks a waste of money?

Godaddy could have better spent that money..

No they are not a waste of money,

Wikipedia will give you some good insight,

Share repurchases are an alternative to dividends. When a company repurchases its own shares, it reduces the number of shares held by the public. The reduction of the float,[5] or publicly traded shares, means that even if profits remain the same, the earnings per share increase. Repurchasing shares when a company's share price is undervalued benefits non-selling shareholders (frequently insiders) and extracts value from shareholders who sell. There is strong evidence that companies are able to profitably repurchase shares when the company is widely held by retail investors who are unsophisticated (e.g., small investors) and more likely to sell their shares to the company when those shares are undervalued. By contrast, when the company is held primarily by insiders and institutional investors, who are more sophisticated, it is harder for companies to profitably repurchase shares. Companies can also more readily repurchase shares at a profit when the stock is liquidly traded and the companies' activity is less likely to move the share price.

https://en.wikipedia.org/wiki/Share_repurchase

 

[Dondomainer]

A billion domain register Corp that spend $100 in his domain administration page.....for everything else go to epik

 

[Weber]

Stock buybacks were illegal in the U.S. until 1982. Previously, the Securities Act of 1934 considered large-scale share repurchases a form of stock manipulation.

 

[equity78]

A billion domain register Corp that spend $100 in his domain administration page.....for everything else go to epik

$100?