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A comment on Steve Jobs ignored Warren Buffett's advice for a stock buyback. Parent comment

Re:Steve Jobs ignored Warren Buffett's advice for a stock bu... by wmf on Monday February 27, 2012 @09:25PM (#3641574)
No, you can't buy a stock (causing it to go up) and then sell at the higher price; that would be creating profit out of nowhere. And aren't bought-back shares destroyed?
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Re:Steve Jobs ignored Warren Buffett's advice for a stock bu... by mordero on Monday February 27, 2012 @09:37PM (#3641613)
When a company buys back shares, it can either cancel them or hold them as treasury stock. Treasury stock can then be reissued at a later date at the then market price.
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