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But it's been confirmed that stock buybacks will not be allowed for companies receiving a bailout. Am I missing something more here? https://www.marketwatch.c
by treyfitty 7y ago
But it's been confirmed that stock buybacks will not be allowed for companies receiving a bailout. Am I missing something more here?
https://www.marketwatch.com/story/coronavirus-stimulus-package-set-to-ban-stock-buybacks-for-companies-that-get-aid-2020-03-25 https://www.marketwatch.com/story/coronavirus-stimulus-packa...
- throwaway_USD 7y ago>Am I missing something more here? Apparently...they are doing the buy backs now (like right now) while they are flush with cash/no expenses, main street can't invest, and before they get their bailout cash. Never mind the buy back prohibitions are being majorly overstated.