Anyone owning WK shares should be thinking that their investment will increase in value as WK embarks on a $1.obillion share buy back scheme over the next 18mths. (Link) I am sure it is important to shareholders that the company stock price increase but wasn't selling the educational unit a way to get rid of an under performing asset and thus a deflated share price?
In an environment where information assets are going through the roof in terms of value is this the only thing they could come up with that could add long term value for shareholders? Without an aggressive business development strategy - that is acquisitions - is the company not a target themselves with $1.obillion from the education sale and a low share price? WK operate in a rapidly growing health care information market and thus one very appealing to PE or a well placed trade buyer. Why would either wait for the share price to go up?