Buyback Announcements Melt Up CRONKITE Wed May 29, 2013 8:55pm EST 2 Comments “…………..that’s a lot of stock being pulled out of the market. Deutsche Bank “ Full article If you enjoy the content at iBankCoin, please follow us on Twitter 2013-05-29 CRONKITE Share Facebook Twitter LinkedIn
Wow, guess there is nothing else to buy. Is this like the corporations implementing their own collective QE?
essentially it is ultramarine. they borrow like the banks for nothing, buyback stock to improve earnings and cash out options.
this is the last effort to keep earnings up. we may be headed down for a while which could certainly hurt prices…