transporter
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https://www.barrons.com/articles/why-the-buyback-boom-is-bullish-for-investors-1526089472
Golly gee whiz...where did companies get all that money to buy back their own stock? Any ideas????
And for the economically and intellectually challenged like Gilligan there is this item:
So Gilligan...that is $6B of capex per year vs $70-$80B of share buybacks...or share buybacks are 12-13 times larger than capex. Now if the US economy slows back down to its more natural rate, as is expected in 2019 after the frontloaded tax cut and spending stimulus wears off, what do you think will happen to that capex number?
Standard & Poor’s 500 companies are on track to announce $650 billion worth of buybacks this year, according to a Goldman Sachs estimate, smashing the previous record of $589 billion set in 2007.
Golly gee whiz...where did companies get all that money to buy back their own stock? Any ideas????
And for the economically and intellectually challenged like Gilligan there is this item:
Mindful of the political criticism of buybacks as a gift to wealthy shareholders, Apple has emphasized that it plans $30 billion of domestic capital expenditures in the next five years, as well, and will create some 20,000 U.S. jobs.
But it isn’t letting up on buybacks. The company won’t say how much it plans to repurchase in the coming quarters, other than it aims to move at a “fast pace.”
Analysts expect Apple to buy back $70 billion to $80 billion of stock annually in the next few years.
So Gilligan...that is $6B of capex per year vs $70-$80B of share buybacks...or share buybacks are 12-13 times larger than capex. Now if the US economy slows back down to its more natural rate, as is expected in 2019 after the frontloaded tax cut and spending stimulus wears off, what do you think will happen to that capex number?