The price impact of a buyback is the annualized buyback yield, all else equal. If a company is worth $100mm, and they buyback $10mm per year, their equity price will go up 10% per year as a byproduct of the buyback ($10/$100mm). Theoretically the underlying business value

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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