Discussion Finance

****DUE IN 12 HOURS!!

DISCUSSION (500-600 words with 3 credible references cited in APA)

Use the article handed out in class (url below) to start answering this question – and add to that by researching all pertinent data and relevant articles that will help you arrive at your answer.

http://247wallst.com/investing/2017/06/22/the-top-20-sp-500-companies-buying-back-stock-in-2017/2/

• a) What was the market value of your assigned company as of end-year 2016? (my selected company name is PFIZER INC). (150-200 words)
• b) After noting the amount of stock buyback in Q1 2017 – make a determination as to the change in market value of your assigned firm as of 12/1/2017 – and then make a list of all the value added / value lost actions (from a shareholder’s perspective) other than the share buyback. Essentially you are reporting to me whether, in your opinion, the stock buyback increased shareholder wealth (the s/h that still remain, not the ones that took the buyback offer!). (350-400 words)

****NOTE: Cite all references in APA.