Tuesday, April 17, 2007

Earnings and Buybacks

Well, Linear Technology (LLTC) just announced numbers in-line with estimates, but they did also announce a monster-sized accelerated stock repurchase program. The company has over $2B in cash, and are going to help finance the buyback through the sale of $1.7B worth of convertible notes.

Washington Mutual (WM) reported its numbers today, and their shares are ticking higher. I did get a small piece for the retirement account sub-$39. I rarely talk about retirement accounts, because they are mostly a collection of standard diversified index funds with only a spattering of interesting holdings (i.e. stocks).

Still eagerly awaiting the Yahoo! (YHOO) numbers. I have to admit I'm a bit nervous, since the investors are currently banking heavily on the company's Panama project. And, any sign of weakness or sub-par guidance on that front will be really bad.

*** Edit #1 ***

Well, YHOO came in below estimates, and the stock is down as would be expected. They came in at 0.10 vs 0.11 estimates, and their revenues came in slightly on the light side ($1.18B vs $1.2B).

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