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Last weekend, my new friend Jessica Mindich held a gun buyback in New Jersey.
For one, it would be the biggest stock buyback in history.
There was, however, the promise of perhaps the biggest share buyback in American corporate history.
Mr. Parsons said there would be no stock buyback in the near term.
Hiscox (381.4p) has just announced plans for a share buyback in January and February.
The City, though, had started to dream of dividends or a share buyback in 2017.
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Mr. Fisher said this meant there would be buybacks in some quarters and not in others.
The company has used stock buybacks in the past to counter naysayers.
Analysts noted that earnings were aided by $272 million in share buybacks in the quarter.
The 100 companies with the highest buybacks in the S&P 1500 underperformed that index from 2005-2016.
Buybacks in particular have attracted the ire of corporate America's critics.
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