3 ms·
> In 2018 alone, even with after-tax profits at record levels because of the Republican tax cuts, buybacks by S&P 500 companies reached an astounding 68% of net
by cornishpixels 7y ago
> In 2018 alone, even with after-tax profits at record levels because of the Republican tax cuts, buybacks by S&P 500 companies reached an astounding 68% of net income, with dividends absorbing another 41%.
Uhh... well, that math doesn't check out.
- ascagnel_ 7y agoIt's saying that the S&P 500 companies spent a total of 109% of their income on buybacks and dividends, intentionally and voluntarily running at a loss to increase stock prices (vs. running at a loss to grow revenues or something similar).