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HGVC budget changes for 2020

TUGBrian

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Orlando-based Hilton Grand Vacations Inc., the timeshare industry’s No. 2 player by sales, said this week that it has budgeted an extra $155 million to repurchase shares. The company’s share price has plummeted 60 percent in the past month, amid a broader stock market collapse triggered by the spread of the new and highly contagious coronavirus, which has brought global travel to a near-standstill.
 

Great3

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This is buyback of stock shares, not for ROFR as I originally thought. What it means for the financial health of the HGVC company as a whole, I am not sure.

Great3
 

TUGBrian

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ah...great catch...i copied the link off another feed. will edit title.

certainly less "newsworthy" than the original!
 

Fredflintstone

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Great timing. The prices are smokin low right now so they are buying on the cheap. Many companies like Starbucks are buying back. They have cash to spend. This is good news when they are buying at this price as they know these prices are overdone and they will gain a lot over the long haul.


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Fredflintstone

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Although I am not a big fan of stock buybacks, if HGVC buying back their stock staves off a Diamond takeover, I am all for it.
Hmmm. I didn’t know that was in the works. Many folks here have commented that Diamond is their least favourite so you are not alone.


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Talent312

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Buybacks are good for shareholders. They increase the value of outstanding shares.
But bad for consumers. They reduce the capital corporate has to spend on product.

Witness: Sears, whose buybacks can be blamed for it's early demise.
HGVC is not Sears. It's product is here to stay, but it could spend the $$ elsewhere.
.
 
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