Thanks to the author for the comments and link to the press release.
This makes me think of an analogy - the squirrels in my backyard, also during Q4 of 08, were burying their nuts in preparation for the winter. It seems a lot of companies (both fat and thin) were/are burying their cash in anticipation of a long cold economic winter.
My first thought was that the large drop in buybacks might be sector specific (financials, consumer discretionary) but as the data shows, it's across the board. Sure some sectors display larger drops (Telecom, Cons Disc, Financials, Utilities - this last one surprises me) but even the "small" drops for Industrials and Materials is still of the order of 50%.
So what triggered the start of the buyback boom in '04 anyway?
Rogers Communications' iPhone Coup: Not All It's Cracked Up to Be? [View article]
you may not like Ted (...monopoly... crook etc.) but as it was said earlier... "They're apparently doing well with their current pricing structure, much as you might hate to pay it."
If you've been an owner of RCI over the last 5 years, you've gotta like your return and your increasing dividends.
Looking For Dividends In Uncertain Times [View article]
Tim, a play I like on Cdn trusts is SDT.UN - Sentry Diversified Trusts is a basket of CDN trusts that has delivered consistent returns over the 6+ years I've held it.
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This makes me think of an analogy - the squirrels in my backyard, also during Q4 of 08, were burying their nuts in preparation for the winter. It seems a lot of companies (both fat and thin) were/are burying their cash in anticipation of a long cold economic winter.
My first thought was that the large drop in buybacks might be sector specific (financials, consumer discretionary) but as the data shows, it's across the board. Sure some sectors display larger drops (Telecom, Cons Disc, Financials, Utilities - this last one surprises me) but even the "small" drops for Industrials and Materials is still of the order of 50%.
So what triggered the start of the buyback boom in '04 anyway?
Three Top Canadian Royalty Trusts [View article]
Rogers Communications' iPhone Coup: Not All It's Cracked Up to Be? [View article]
If you've been an owner of RCI over the last 5 years, you've gotta like your return and your increasing dividends.
Looking For Dividends In Uncertain Times [View article]