Strubel Investment notes the horrid record of managements using cash for buybacks or M&A....
Strubel Investment notes the horrid record of managements using cash for buybacks or M&A. Buybacks are simple - companies tend to do them when the share price is high (JPMorgan a classic example: It suspended purchases after the CIO loss with the stock near $30, and will rev them up again next year in the 40's). The top tax rates for dividends would have to rise to 70-80% to make them less valuable than the alternatives.
From other sites
at Nasdaq.com (Dec 11, 2014)
at Nasdaq.com (Dec 1, 2014)
at MarketWatch.com (Oct 29, 2014)
at MarketWatch.com (Aug 3, 2014)
at MarketWatch.com (May 27, 2014)
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