flood of buybacks

transporter

Active Member
Companies announced $433.6 billion in share repurchases during the period, nearly doubling the previous record of $242.1 billion in the first quarter, according to market research firm TrimTabs.
https://www.cnbc.com/2018/07/02/corporate-buybacks-are-the-only-thing-keeping-the-stock-market-afloat.html

Now who would have ever suspected that companies would give their tax cuts and repatriated money to their stock owners??? Who would have ever suggested such a travesty could occur?

Anyone (Gilligan) who thought the companies would pour that money into worker raises and corporate expansion were 1. wrong and 2. don't understand much about large multinationals (which are the companies who got the biggest windfalls).
 

black dog

Free America
I do believe that with many large corporations the largest stock holders are the employees. Those still working and retired.
 

Merlin99

Visualize whirled peas
PREMO Member
https://www.cnbc.com/2018/07/02/corporate-buybacks-are-the-only-thing-keeping-the-stock-market-afloat.html

Now who would have ever suspected that companies would give their tax cuts and repatriated money to their stock owners??? Who would have ever suggested such a travesty could occur?

Anyone (Gilligan) who thought the companies would pour that money into worker raises and corporate expansion were 1. wrong and 2. don't understand much about large multinationals (which are the companies who got the biggest windfalls).
Why is this bad? You've brought it up before and never gave an answer to that question. What is wrong with a company buying back their stock and taking back control of their future?
 

Bird Dog

Bird Dog
PREMO Member
I don’t think Tranny has a 401K......so she doesn’t know the benefit from that.....
 

PeoplesElbow

Active Member
Buybacks are a good sign, it means the businesses think that they are doing better than their stock price indicates. It means things are going better on main street than wall street, and that is a good thing.
 

PeoplesElbow

Active Member
I was always told it was a bad thing, companies don't know what else to do with their money
How can companies having enough money that they don't know what to do with it be a bad thing? Having the money in the first place means things are going good.

They simply don't start buybacks because they have cash that they simply don't have anything else to do with, they do it because they consider their stock a good value.

The folks that consider buybacks bad are the ones that chase growth and only growth.
 
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