OTCPK:INPCF - Post by User
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Bywrongon Oct 31, 2017 5:44pm
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Post# 26884676
Share buybacks suck, divert shareholder $$$
Share buybacks suck, divert shareholder $$$Lets look at Boeing. Looking at their balance sheet...barely $1B of shareholder equity...but BA.nyse has spent $43B in share buybacks, over $2.3B in Q3 alone. $90B in debt. wonder where the $43B came from? Where is the shareholder equity they are creating? Smoke and mirror "financial engineering" IMHO...dang good short opportunity. Sadly, this is all too often the case with share buybacks. If my memory is correct, Teledyne is a different story, they don't even teach that CEO's mngmnt style in biz class. He was too tight with shareholder money..shareholders loved him, Wall St hated him. RETURN SHAREHOLDER MONEY TO SHAREHOLDERS IN CASH (DIV's)...NOT PAPER. Like that scam Enron...let's put your employee pension $$ into Enron stock...how well did that work out?