Blaming Buybacks -- September 11, 2018
Equities Report: U.S. Focus
NDR's bottom line:
Buybacks are on pace to eclipse 2016’s record.
The blame placed on buybacks for crowding out capex and wage growth is likely misplaced. There’s plenty of cash for all three.
Ultra-low interest rates have encouraged a series of actions, including buybacks, that leaves companies more vulnerable during the next down cycle.
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