Jump to content

Buybacks below BV


Recommended Posts



As you know, buybacks below BV generally increase IV per share. Some companies have managed to take advantage of Mr. Market´s behavior by buying back a significant amount of shares below tangible book value. I think it would be nice if we come up with a list of these names.


-Some of the TBTF banks (i.e. C, BAC, GS) have bought back some stock but they haven´t been as effective because of limits by regulators.

-KCG has been buying back stock below TBV of ~$15 AND this is without taking into account the FV of its ownership (17%) in BATS which IPOd today.


Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Create New...