The price they are offering for the buyback is between $60 and $67. When Broadcom was offering $82 that was according to the management seriously undervaluing the company. Just wondering how long the management and SM can keep making fools of everyone.
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The OP is completely misleading as the top of the range is $67.50! Get that fake news out of here!
Wow, complete lack of understanding from OP. Must have been laid off, good for qcom
OPs logic is complete wrong.. Must work at broadcom.
Against Broadcom, management team was trying to save their own job of looting the company and they succeeded thanks to connection with current administration.
You misunderstand the purpose of a buyback.
Management believes the stock is with $82, so buying in the $60s is a good deal with good return on investment.
If the stock is overvalued, a rational management team should offer a secondary (issue more shares) to raise cash.
This is all basic finance. You are very financially illiterate.
Mmm, making fools of themselves certainly.