What am I missing about Activision's buyback?
It looks like they're offering less than the market for shares. Who's going to sell their shares to the company for $27.50 when they could sell them to the market for $36? That's like 25% less! What am I missing?
By the way, did any of my readers get ACAS when it was yielding 25%? My excuse is that I was on vacation.