Re: Member Comments For: Broadcom sets buyback of up to $1 billion
This milky-toast "hold" downgrade commentary ends with this (and I quote): "Broadcom had been rated a buy since September 23, 2008." This comes out as though there is a crystal ball. How was it that they didn't know an hour or two later BRCM would announce the $1B stock buy back over the next three years. Now that the stock buy back has been approved, they can take advantage of these low prices, and with market manipulation from the hedgies they can do even better than the low $24s.