Your English writing platform
Discover LudwigExact(1)
Last week, Hoover's and TheStreet.com soared 47% on buyback announcements.
Similar(59)
McDonald's, for one, spent $2.95 billion on buybacks each year, on average, over the past decade, representing 67% of net income.
Which sector spent most on buybacks last year?
During the year, it spent £290m on buybacks, with a further £135m paid out in dividends.
(US banks spent $25 billion a year on buybacks in 2005-2007; betheyey wish they had hung on to that money).
Citigroup, which gratefully accepted an equity injection of $7.5bn from Abu Dhabi, spent more than that on buybacks in 2006-7.
Shouldn't the price of a slice of Cisco increase if it is spending so much on buybacks?
"It does indicate they will be more aggressive going forward on buybacks," said a Jefferies analyst, John Lau.
And in the first three quarters of 2003, cash from operations totaled $280 million while $240 million was spent on buybacks.
In the twelve-month period that ended in October, companies in the S. & P. 500 spent $556.6 billion on buybacks, according to the research firm FactSet.
Even if the money were largely spent on buybacks and dividends and a large portion were kept abroad, it would still be reasonable to expect $300 billion to $600 billion to be repatriated.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com