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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because I hadn't done as much research on the question as you just did. I was on my phone.
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Replying to @anomalyuk @Alrenous and
The reason I recommend
@CJFDillow is he is expert in this stuff but thinks bigger than the minutiae.1 reply 0 retweets 2 likes -
Replying to @anomalyuk @Alrenous and
Shame he's a commie, but you can't have everything.
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Replying to @anomalyuk @Alrenous and
but to complain that (a) companies don't pay dividends and (b) they do share buybacks isn't coherent.
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as already observed, the only difference between the two is the tax treatment.
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