War on Stock Buybacks | More Recession Talk
Episode description
Derek Moore is back to discuss the war on share buybacks after a rumored 1% excise tax announcement. What are share buybacks? Why do companies do them? Plus, when you’ll officially here whether we are in a recession.
Recessions are called long after they start
NBER Nation Bureau of Economic Research committee dating business cycles
What NBER criteria uses to call recessions
Are share buybacks good or bad?
1% excise tax on share buybacks
Dilution vs anti-dilution of share issuance and share buybacks
How share buybacks affect EPS Earnings per Share
Walmart share buybacks and net income effects to EPS
Amazon has more shares today than in 2006
Employee stock-based compensation and share buybacks
How little corporate taxes represent of total revenues of US government
Dividend yield vs share buyback yield
Total augmented stock yield (buybacks + dividends)
Mentioned in this Episode:
Debating what a recession is and isn’t podcast https://podcasts.apple.com/us/podcast/debating-what-a-recession-is-someone-is-wrong/id1432836154?i=1000571629306
NBER business cycles – when a recession or end of recession was called https://www.nber.org/research/business-cycle-dating/business-cycle-dating-committee-announcements
Apple’s buyback yield https://finbox.com/NASDAQGS:AAPL/explorer/buyback_yield
Economic PI site http://econpi.com/index.php
Derek Moore’s book Broken Pie Chart https://www.amazon.com/Broken-Pie-Chart-Investment-Portfolio/dp/1787435547/ref=sr_1_1?keywords=broken+pie+chart&qid=1558722226&s=books&sr=1-1-catcorr
Contact Derek derek.moore@zegafinancial.com