Not exact matches
Perhaps most troubling
about buybacks» disappearing act this past week is that share losses should've theoretically made them more attractive to companies whose
stocks were trading lower.
Citigroup: Cramer expects a healthy quarterly earnings report and good news
about the bank's
stock buyback initiative.
The El Dorado, Arkansas - based company also said its board authorized a special dividend of $ 2.50 per share for a total payout of
about $ 500 million, and a common
stock buyback program of up to $ 1 billion.
Before wrapping up, I would like to take a moment to talk
about the press release we issued last week regarding the
stock buyback authorization, credit facility and board composition.
Announced a 5 million share increase to their
buyback program, bringing their total authorized
buyback plan to 10 million shares which will retire
about 10 % of the company's outstanding
stock if fully executed.
He said decisions
about the size of
stock buybacks and investment in R&D, which totaled $ 17 billion during his tenure, were not related.
Despite some investors waxing rhapsodic
about things like «mass collaboration and sharing enabled by technology and global communications networks,» S&P 500 Index revenues have grown at a nominal rate of just 3.2 % annually over the past 20 years, and just 1.6 % annually over the past decade, and that includes the benefit of
stock buybacks.
Our own Jim Cramer has this to say
about Walt Disney Company's (DIS)
stock, «You sell it today you will be selling it into one of the great
buybacks of all time... I would like to suggest that you think a little long term.»
If instead we use total expenditures on dividends plus net
stock buyback cash plus change in total debt divided by market capitalization, we don't need to worry
about changes in share count due to
stock splits.
What annoys me
about this behavior, which is practiced very often today as well, is that for some reason corporate managers seem to act like these
buybacks — when they are earmarked for the purpose of offsetting
stock options — exist in a vacuum where the laws of economics are suspended.
A reason to complain
about buybacks is that the company is overpaying for the shares and / or doing it to offset share dilution from
stock options.
About BM = Book Value / Market Cap...... the numerator too is polluted in case of
stocks buybacks.
If you recommend individual
stocks for your clients, or advise them
about existing
stock holdings, you should take a close look at a company's
buyback program.
They're buying back $ 1.5 billion worth of common
stock (
about 3.2 % of the market cap of the company), which is three times the amount of money the company spent on
buybacks during the first two quarters of the year.
How to find the best
buybacks Most companies have a
buyback program to an extent, and
about 80 % of S&P 500 companies buy back
stock.
Maybe a more potent question is what
about companies doing
stock buyback right now, causing all - time highs in
stock prices.
There is a lot of commentary on
buybacks from pundits who have been wrong
about the
stock market for a time period now measured in years.
Just prior to a significant Apple surge based on rumours of a
stock buyback, investors were optimistic
about a quarterly report that could restore confidence in the innovative firm.
There's a lot to love
about AmEx: Its management is strong, it's a dominant brand in the industry, and it generates copious amounts of free cash flow — the money left over after essential capital expenditures are made that can be used to finance dividends and
stock buybacks.
Ideally, I'm a supporter of share
buybacks, but in reality I have very mixed feelings
about them... The quality of
stock / share
buyback analysis in most companies is atrocious — throw away your corporate finance textbooks!
What annoys me
about this behavior, which is practiced very often today as well, is that for some reason corporate managers seem to act like these
buybacks — when they are earmarked for the purpose of offsetting
stock options — exist in a vacuum where the laws of economics are suspended.
Most of the people here are talking
about buying an index fund or funds, so there's no real way that
stock buybacks by individual companies are going to be a very useful indicator of much of anything in that context.
A blog by Todd Wenning
about dividend
stocks, portfolio management, behavioral finance,
buybacks, and a patient approach to investing.
A blog by Todd Wenning
about dividend
stocks, portfolio management, behavioral finance,
buybacks, and a patient approach to investing.
A blog by Todd Wenning
about dividend
stocks, portfolio management, behavioral finance,
buybacks, and a patient approach to investing.
A blog by Todd Wenning
about dividend
stocks, portfolio management, behavioral finance,
buybacks, and a patient approach to investing.
The share
buyback program might help Macerich manage its
stock price, but what
about the debt side of its balance sheet?