Stocks Soar as Big Companies Buy Back Stocks Using Borrowed Cheap Fed Dollars
Top managers with options quietly rake off profits that should have gone to shareholders.
(From Evergreen Gavekal)
As BofA Merrill Lynch strategist Savita Subramanian has observed: “Buybacks work when there’s scarcity value. Now everyone’s doing it.”
Reprinted from: https://www.ac2news.com/2020/02/stocks-soar-as-big-companies-buy-back-stocks-using-borrowed-cheap-fed-dollars/
