Jayson Funke wrote:
> Can highly active periods or phases of corporate stock repurchasing > be indicative of larger economic trends/phenomenon? > > I am assuming that corporations typically repurchase their own > corporate stock in order to provide shares to management as > compensation and/or to boost earnings per share.
Doug Henwood wrote:
That's why they do it, but in the U.S. they've been doing a lot of it for like 20 years. They seem to be telling us that despite apparently high profitability, they've got no better use for their cash than passing it along to shareholders.
or maybe "shareholder democracy" (or the "discipline of the stock market") won't let them use retained earnings to expand their companies? -- Jim Devine / "The price one pays for pursuing any profession or calling is an intimate knowledge of its ugly side." -- James Baldwin
