"There are fewer shares outstanding though which means each existing share is worth more."
That worth has been reduced by the cash paid for the retired shares. So yes, each shareowner has a slightly larger percentage ownership but of a slightly smaller company. The way this can change is if future profitability exceeds that which is already expected and part of the current price.
That worth has been reduced by the cash paid for the retired shares. So yes, each shareowner has a slightly larger percentage ownership but of a slightly smaller company. The way this can change is if future profitability exceeds that which is already expected and part of the current price.