Scholarship table
Anyone thinking about jumping in on CPB today?
May 21 close - $33.58Current: $40.90Up 21.8%. Get at me!
Nothing like a tasty takeover rumor to make a call look even better.
AAPL still limping along... over $200
Is that a good or bad thing?https://www.theatlantic.com/amp/article/566387
Stock buy backs are just a way to pump up a stock price in the short term instead of actually investing into something for the long term. They are great for short term holders, but terrible at creating value.
Did anyone really think this wouldn't happen with the tax cut? This was the purpose of the bill.Very few people are buying that it was for the middle class.
Wow, I'm very concerned for Benny. Being able to mimic Myron Medcalf's writing so closely implies an oncoming case of dementia.
Good evening ladies and gentlemen, and welcome to tonight’s episode of “Shameless Political Detours.”Seriously, Brand.... even when Chicos starts to settle down, you just have to keep the flames stoked, aiyana?
No politics. Since the tax cut, US public companies announced a whopping $436.6 billion worth of stock buybacks. It is the most ever, almost doubling the previous record.Explain to me where I was wrong - even if it is tougher than attacking me personally.
Thats been AAPL's MO for awhile. This quarter had very little actual growth. They are touting the growth of services revenue, but its potential growth is a small piece of what market cap would add from the stock continuing to rise by projected "growth". Iphone sales are flat, Mac sales are down. Sure iPhone prices are continuing to rise, but it seems like unit sales growth has stagnated, which you dont want to see.I'm not saying sell AAPL, i'm not saying its going to crash and burn $50-$75 to the downside, but its just very hard for a company of that size to grow in the ways that people keep expecting it to do. And adding $10-$15B in services revenue for a company doing $250B in revenue doesnt scream MASSIVE GROWTH. But they can keep buying back shares and central backs, like the Swiss, can keep buying the stocks in massive volume.Just my thoughts and opinion.
Yeah I agree with this.And I may be not understanding something completely here, but aren't stock buy backs similar to a dividend? So instead of distributing your excess cash to the shareholders on a regular basis, they are pumping up the stock price. Both create value for the shareholder, but the latter has better "optics" in the investment markets.
Both are mechanisms for putting cash in investor pockets but dividends have a shorter term impact because A) you have to own the stock at a given point to receive the dividend(so you can't buy a stock to get the dividend) B) dividends do nothing to change the scarcity of a stock so supply and demand doesn't factor in like buybacks do. Dividends can drive up a stock price long term if a company is paying them out on the regular whereas buybacks pump the price up because there are fewer stocks and/or people want to cash out of a certain investment at a premium. Regular dividends would indicate continuing strength in a company but that's also why companies have come to rely more on buybacks than dividends...if you cut a dividend just once for some reason it can tank the stock long term whereas not doing a buy back isn't signaled as anything.
Got in on SONO today. $17.xx. Let’s hope for the best. Love the product. May hop in & out quick. Over & over too. TwssI AM THE STOCK MARKETEdit: out at $19.36. Made some g’s in 64 minutes. Back in later if it falls.
$1,000,000,000,000
I've thought about the buyback issue for a while now. I do think unfettered ability to buyback stock can be detrimental but I think there are legitimate business reasons to do it (such as if you are cash rich with a lot of relatively low priced stock out there you might buyback as a defense against a take over). So the question is, what does a reasonable regulation look like that is enforceable and doesn't swing the pendulum too far the other way ("outlawing" buybacks)?