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Google is finally returning cash to shareholders via buybacks.
by IBM 11y ago
Google is finally returning cash to shareholders via buybacks.
- sounds 11y agoA buyback seems like a statement that the best use of google's cash-on-hand is to increase the value of the stock directly; that there is no other investment that would give a better ROI. Google execs think GOOG will be ahead vs the value of other investments in the future.
- xbmcuser 11y agoI think it is mostly to pay and retain talent. They are giving employees stock options and those are not worth as much if stock prices do not go up. Anyway Alphabet stock is still undervalued specially with their investments in Uber(google fund), Magicleap, Google Fiber, Google self driving cars, Nest, Renewable Energy, Health Sciences. Once Alphabet starts reporting all these separately it stock prices are going to hit $1000 or more.