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View Diary: ExxonMobil rakes in $9.5 billion profit, on which it will pay a 13 percent tax rate, if that (55 comments)

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  •  theory (0+ / 0-)
    $5.6 billion spent on buying back its own stock, something that makes the largest shareholders and best-paid company executives even richer.
    In theory, buying back its own stock is not going to change the value of a stock.  If you think it does, you think the market undervalues the stock.

    Apres Bush, le deluge.

    by melvynny on Fri Apr 26, 2013 at 07:37:06 PM PDT

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