Boyd Group Services To Buy Back And Cancel Up To ~2.78M Shares, 10% Of Float, Through September 15, 2027
Management and the Board of Directors of Boyd believe that, from time to time, the market price of its Shares does not fully reflect the underlying value of Boyd's growth profile and cash-generating capabilities.
Boyd is buying back millions of its own shares because leaders think the stock price is too low right now. When a company buys its own shares, it can be a signal that the leaders believe in the business and think it's a good deal.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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