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MI246: Are The FANG Stocks Dead? w/ Lance Roberts
Millennial Investing - The Investor’s Podcast Network
Share Buybacks
2min Snip
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The idea that companies are buying back stock because they think it's cheap is kind of a wives tale. Take a look at what happened during 2020 as a good example. When the market cracked in 2020 and we shut down the economy, buybacks stopped. They weren't doing buybacks because they needed that capital to survive. If we get into another recession and another deep draw down in the markets, the first thing that's going to get cut is share buybacks. The company will be looking for that strength of having a cash holding.
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