In fact, 2018 has been a record year for stock buybacks. By the end of the year, companies are predicted to have spent $1 trillion on buybacks. So why are so many buybacks happening now? The GOP tax cuts. The economy is doing well, and a lot of companies have a surplus of cash and don’t want to sit on it because it puts them at risk of being bought and it pisses off shareholders who want that money returned to them in either dividends or an increase in stock value. So what the f**k are stock buybacks exactly and what do they mean for you?
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Show Notes
Schlafly Proper Cider: A raspberry hard cider.
WeldWerks Conflict Resolution:An 8.2 ABC sour IPA.
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