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Stock buy backs
Posted by: samintx
Date: March 24, 2020 02:55PM
I’m finding lots of stocks doing buy backs and .I thought that was a no no. Maybe companies trying to get it before there is a current bill against it...while IS being put n the bill being hammered out today.
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Re: Stock buy backs
Posted by: sekker
Date: March 24, 2020 03:42PM
Trying to give this money to shareholders before the government makes the companies give this money to employees.
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Re: Stock buy backs
Posted by: samintx
Date: March 24, 2020 04:32PM
Well, shareholders dont get the stock but the company does. Keeps their stock price up.

: Why stock buybacks are so aggravating in companies asking for bailouts
I did not understand until I read this piece by CNN's Matt Egan and Chris Isidore how aggravating it is that companies that have spent years and billions in profits (and money they saved from massive corporate tax cuts) are now asking for bailouts. Not much frustrates both Elizabeth Warren and Donald Trump. This does. Although, Trump's tax cut law helped trigger buyback season.



Edited 1 time(s). Last edit at 03/24/2020 04:36PM by samintx.
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