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JP Morgan Industrials Conference
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03-13-2025 | 08:16 PM
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DeltaboundRedux
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From:
Enoch Powell Enthusiast
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Originally Posted by
Uninteresting
pretty disgusting, imo. Buy back stock when you don’t know what else to do with all that cash as it would be too obvious to pay execs more. Hewlett Packard, for example, bought back $47B in stock in 10 years. Current market cap? $19B. Here’s the unvarnished history of why and how
https://www.forbes.com/sites/aalsin/2017/02/28/shareholders-should-be-required-to-vote-on-stock-buybacks/
A less polemic take would be to suggest that compaines with too much $$$ on hand have run out of ideas for what to do with it.
Apple comes to mind.
OTOH: Buffett is sitting on a cripe ton of cash.
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