Interesting piece, particularly given the discussions of late with @Outsideness & @cyborg_nomade re: governance.http://www.investorschronicle.co.uk/2016/12/08/comment/chris-dillow/out-of-date-2z0239g8REv6NTlI0WtsVI/article.html …
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Are these cash-hoarding corporations engaging in buybacks regularly?
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cash-hoarding is very rare; Apple is an outlier. Most businesses big or small have debt > cash
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quick check of Google's Q3 - 7bn buyback authorised by board.
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So Google stock is not worthless. But is it common, or is that because it's Google?
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if stock was worthless, people wouldn't buy it. Next random check: Ford Motor paid 600mm divs in Q3
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Worthless things get sold all the time. You've picked up the bad habit of implying instead of saying.
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mistakes happen all the time, but in general, companies make profits and pay shareholders.
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And you still won't just say, 'yes buybacks are common.' http://www.reuters.com/investigates/special-report/usa-buybacks-cannibalized/ …
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