$SK hynix(SKHY)$ $Micron Techn

$SK hynix(SKHY)$ $Micron Technology(MU)$ $SanDisk Corp.(SNDK)$ $Invesco QQQ(QQQ)$ I think the SK Hynix buyback works out to 240.7 million in ADR shares, even though that's not what was actually bought back. For perspective, 2.5% of the outstanding SK shares are in ADR form. That works out to 177 million ADRs. So SK Hynix just bought back 3.4% of their total outstanding shares and retired them permanently. Effectively they rendered the ADR IPO void, and then some. SK will likely have a strong run today. Just to repeat, the ADRs were not bought back, that was just a frame of reference.

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