share buybacks

“And we've now perhaps swung too far, but also like the rhetoric has swung too far where now it's just assumed that the worst thing companies can do is give money back to shareholders. Now there are some arguments for that. Like the shareholders are often like …”

“There is a strand of the buyback debate that says companies should never return money to shareholders. It says once money comes into a company, it should stay in that company forever, which is obviously not what anyone says, but it's like sort of the implied P…”

“Things like mergers and acquisitions, share buybacks, IPOs, have historically been associated with high market levels, right?... And by contrast, M&A tends to dry up when you've had difficult times, IPOs dry up and buybacks dry up.”

“Super normally high buyback yields, and a simple definition of this might be a company which is buying back five percent of its shares or more in a one-year period of time, which is a lot. That's a big deployment of capital. That kind of company historically h…”

“However you cut it, with the rising cost of capital in the US and the rising exchange rate, the ability of US corporates to massage earnings through creative accounting, issuing debt to buy back shares, et cetera, has disappeared.”