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10 companies buying their own stock

Already this year, U.S. companies have announced plans to snap up more than $210 million worth of their own shares, which usually means higher stock prices. Here are the 10 biggest buybacks so far.

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43Comments
May 7, 2013 7:52PM
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And think about this... I have been told that US companies have trillions of dollars they are sitting on... now think about that... even they are not willing to chance spending their own money on expansion or research / development... they feel the need to have cash on hand in case of a downturn... Well its coming, the downturn that is... Profits are down, unemployment is high... and the Fed. keeps printing money... they may even go a bit higher than the 85 billion per month... When this bubble bursts it will be heard around the world...
May 8, 2013 12:47AM
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how about hiring americans at a living wage instead of outsourcing or sitting on the cash.silly huh
May 7, 2013 8:28PM
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Companies are buying back so much stock because they think their shares are underpriced.

You can do well buying the shares of buyback leaders, as long as the stocks aren't overpriced

 

What's in it for you?

Could it be more manipulation by your account handlers, or could it be Fed Policy keeping the market afloat with an injected bubble of cheap low interest borrow between buddy Bank but-holes? The little guy or gal investor takes it in the hinny which ever way the market blows. Buyer beware, somewhere down the road (at the Fed's beckoning wishes) the market is due for a correction, but in the meantime, pull up a chair and count the chips!

 

May 8, 2013 1:50AM
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Let them fool themselves until the bottom falls out of an overinflated and overvalued market. A disaster about to become realization then taxpayers can bail out banks that played the credit default swaps  casino game again.
May 7, 2013 7:39PM
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Good, I hope every corporation buys all of their own stock back and then they can close down the rigged stock markets once and for all.
May 8, 2013 3:25PM
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Seems there is some confusion on where this money comes from that these companies are using to buy back their stock. Here is a rule that alot of people seem to be missing:

You can not buy back shares or issue dividend unless you have retained earnings.

Retained earnings means that over the lifetime of your company you have a + operating profit. This means the company has made money. So if a company is buying shares or issuing dividends it means they are using their profits to give to the shareholders, either buy increasing the price of the existing shares by buying and creating demand for the shares or buy directly giving the profits to the shareholders. It is a sign of a healthy company and if you look at the list of companies on this article you will notice these are some of the most profitable companies out there.

May 8, 2013 8:47AM
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Yes I also buy into my companies stock as well.  I swear, there is no gun to my head at all or anything.  <_<
May 8, 2013 7:20AM
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Had I been president of the USA when the **** hit the fans in 2008, I would have sent out the National Guard at 3 AM the following morning to kick in the doors of the bank presidents, ceos and Barney Frank , arrested them violently and packed them off to Guantanamo for a long series of interrogation and torture if necessary to get to the real truth.. There would have been thousands of life imprisonments and executions. What they did and are apparently  still doing is as bad as pre-planned mass murder. I despise the bans now.. No wonder bank robbers were considered folk heroes after the 1930's depression.
May 7, 2013 8:35PM
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The only time companies "corporations" by back stock means they are in a world of crappola.  This is historical and anyone can check it out.  The "dividends" by doing this are raped by a few....did I say that.  The SEC filings can show you exactly this.  But, the SEC does nothing about it.  Check out the "governing" boards and primary "stockholders" of corporations and you will find this to be true.  It is rather amazing how same sit on many boards....interesting...and the fleecing continues.
May 8, 2013 11:16AM
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The question is were is the money coming from to do the buy backs? If they are using profits then that is ok but a lot of company's are using the low interest rates to borrow money then buying back stock with that. This raises the stock price which lets the upper echelon make even more money when they exercise their stock options. Eventually you get a company with a high stock price that owes more than it is worth and management that has no skin in the game.
May 7, 2013 7:48PM
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Any company that needs to increase its dividend by 15% and buy back billions of dollars of their own stock... well I would stay away from that company... something is seriously wrong... Apple is just one of those companies that I would steer clear of...
May 8, 2013 10:38AM
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Toyota doubled their profit due to currency manipulation.  One currency is going to be the end result of governments thinking they are getting the better of the others in this manner.  NOT GOOD.
May 8, 2013 10:34AM
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Each month the 'too big to fail' are force fed $85B.  When you run out of shares to buy, you can put it in the hands of the list above.  They in turn can rearrange the deck.  Both parties have employees at the top that will benefit handsomely.  These companies aren't really using their own pockets to do this. . . . .
May 29, 2013 9:23AM
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With all these record PROFITS. Maybe these wall street wizards can PAY back the TAXPAYERS, Sending ALL their earnings for the last five years to pay down our 17 trillion dollar debt. 
May 8, 2013 11:09AM
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Apple is buying back the stock so they dont have to pay taxes on profits.  That is money the government desperately needs and they owe the US government.  WHat they are doing while legal is just screwing the US taxpayer.
May 8, 2013 1:37PM
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As for myself I am a believer in companies buying thier own stock as it is a testicular to the confidence of those at the topmost management echelons.  Leadership is important and when leaders have confidence it is very important to the investor who is looking for confidence and leadership.
May 8, 2013 12:25AM
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Yeah, and some people (corporations are too), like to smell their own f**ts.

Don't read too much into this.

May 8, 2013 12:21PM
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banks should lend money to projects to create jobs and not to companies to inflate shares making the billionaires richer.its the usual practice of this government and the fed make the richer and their sponsors billionaires and the middle class disappear
May 8, 2013 7:24AM
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cooperate profits that are not reinvested or distributed after three years should be taxed at 90%
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