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Fri Dec 05 2008

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Fri Dec 05 2008

Home >> ISP Resources >> Telephony News >> Verizon To Buy Back Shares

Verizon To Buy Back Shares

Posted by admin, Wed, 06 Dec 06 14:37:19 -0500

When companies feel their stock is an attractive price, they tend to buy back shares. Verizon has announced just that. They'll be repurchasing $1.7 billion worth of their shares by the end of 2006.

The company began the year with a target of about $1 billion in repurchases, and raised it to $1.5 billion in the middle of the year, it said in a statement.

Verizon has been busy lately on Wall Street. They recently spun off their Idearc business and now they're repurchasing shares in a major way. Could be a good time to keep an eye on their stock.

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