Bank of America Corp (NYSE:BAC) has announced a plan to suspend the repurchase of stock
after it found that it has miscalculated its capital levels.
1091 wash-sales rules do not apply to the sale and repurchase of stock
or securities if the position is sold at a gain.
The Board of Directors felt that Mercury would be able to better enhance shareholder value in directing resources toward the repurchase of stock
," said Seymour Kahn, Chairman of the Board of Mercury Air Group, Inc.
Alexander Trotman, the chairman and chief executive, mentioned at a meeting here with financial analysts Wednesday that if Ford someday found itself with excess cash reserves, it might consider a repurchase of stock
among other options, four analysts who attended the meeting said.
Allowing for the repurchase of stock
and the payment of dividends, in addition to amounts repurchased prior to June 9, 2006, of up to $50.
Ivo Tjan, chairman and CEO, said, 'The repurchase of stock
supports the confidence that management has in our company today and in the future.
From time to time due to market conditions, the repurchase of stock
represents an excellent investment for the Company and an opportunity to enhance shareholder value.
The list includes amounts paid to repurchase stock, premiums paid for stock, legal, accounting, brokerage, transfer agent, appraisal and similar fees incurred in connection with the repurchase of stock
, and any other amount necessary or incident to the stock repurchase.
We continue to believe that the repurchase of stock
from time to time represents a favorable and prudent investment opportunity for the Company, which should enhance earnings per share, return on equity and shareholder value.
The company considers the repurchase of stock
an appealing investment opportunity.
This increased authorization reflects Board and management agreement that there are opportunities to maximize shareholder value by balancing capital allocation into the business, the payment of dividends and the repurchase of stock
, while still maintaining a strong balance sheet.
s stock is not fully reflected in the stock price, therefore making the repurchase of stock
a prudent investment by Indiana Federal.