May. 5 at 9:51 PM
$RSI insiders sell 10 million shares at, say
$27. Thats
$270 million worth. But RSI uses a buyback to retire
$100 million worth of shares. So that leave
$170 million worth of stock to hit the market. But, because of the buyback, RSI now has 3.7 million fewer shares outstanding (
$100,000,000 to buy shares at
$27.00 gets you roughly 3.7 million shares retired). Thats a positive for shareholders, albeit insiders selling isnt. Do I have that right? Not the worst thing in the world
