Posts Tagged: buybacks

Buybacks and Debt

One advantage for investors and corporations is to be really good at boring stuff. Two things that are boring are capital structure and capital allocation. There are no Apple or Tesla-like events to unveil new strategies for mixing debt and equity, although such an event is funny to imagine. I’ve written about buybacks (here and…

High Conviction Buybacks

Large U.S. companies  spent nearly half a trillion dollars on net buybacks (cash spent on buybacks less cash raised through issuance) during the 12 months ending 6/30/2015.  That’s almost as much as the buyback peak in 2007, which didn’t turn out too well. Scary! But hold on. Something that gets lost beneath this broader trend is…

Buyback Extravaganza

When important people on Wall Street and Capitol Hill are actively criticizing an aspect of corporate America, we’d better take notice. Share buybacks—the open market repurchase of a company’s shares by the company itself—have been under a lot of fire. The amount spent on buybacks is matching records, and that money would be better spend…