Yup, many companies are using stock buy backs to reduce the number of shares available, bouying their stock price... how long will this last? Is this yet another bubble?
Sorry, the bear got the better of me...
Facebook plans to spend $9 billion more on stock buybacks
Facebook Inc. has freed up another $9 billion for share repurchases, adding to $15 billion it had previously authorized to buy back its own stock. According to a filing with the Securities and Exchange Commission, the social-media giant's board approved the increased amount on Thursday, adding to a program that began in 2017. Share repurchases have been a popular way for companies to spend the extra profit received from the tax cuts enacted earlier this year, and Goldman Sachs has predicted that buybacks will hit $1 trillion this year. Facebook stock has struggled in 2018 amid a bevy of controversies, with shares declining 22.1% so far this year as the S&P 500 index has gained 0.8%.
https://finance.yahoo.com/m/f51112d2...html?.tsrc=rss
Yup, many companies are using stock buy backs to reduce the number of shares available, bouying their stock price... how long will this last? Is this yet another bubble?
Sorry, the bear got the better of me...
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