Sonia Mirza

Are Share Buybacks Actually Good For Investors?

1. If the buyback was due to the company's perception that their shares are undervalued - somewhat a signal that they're undervalued in itself, yes.

2. If it's merely a play on #1 to artificially raise the price (since investors take this signal as a positive one) and have the general public jump on the bandwagon, and/or S/T EPS target maintenance then, no it's not good for shareholders...

3. If you have no alternative good use of FCF (that is cannot invest it in something that would potentially grow the company/value, therefore benefitting the SH as well), dividends is a direct cash provision. I am not sure how buybacks add direct value to SH other than price appreciation - perhaps I'm having a rather odd brainfart.

Put/Call Ratio for S&P 500 vs. Stocks Currently Above Its Long Term Average

therefore people were expecting the indices to decline MORE SO THAN STOCKS (hence more puts/calls), however since the LTA of Put/call spread of indices is falling wrt stox, then ppl are being more bullish on the indices VS STOCKS?

Put/Call Ratio for S&P 500 vs. Stocks Currently Above Its Long Term Average

"this indicator is above its long-term average, and falling. "

those words alone = mean reversion, nothing to write home about. I read this article earlier and didn't bother to comment because it just looks like a bit of a confused attempt to make some sort of point that is as yet unclear - have to agree with Earl - what exactly are you trying to say with that graph?

More puts/calls on the spx vs on stox, higher than its l/t ave, but falling, therefore people were expecting the indices to decline (hence more puts/calls), however since the LTA of Put/call spread of indices is falling wrt stox, then ppl are being more bullish on the indices? Is this what you're implying? Some clarification would be great, otherwise I'll have to shelve this in the verbal diarrhea section...

A Few Reasons to Continue Equity Exposure

LOL

except, if you're referring to the kinda comet I think you are, there will BE no market left - since the Earth would have been destroyed, so even if you did cash out early, unless you could afford that flight out to another planet (and assuming we have running water, shelter, and electricity there) you might not get to enjoy your holdings anyway...

NYSE Net New Highs Means Downturn Unlikely

re: "I wonder if our horrible government went over to China and said, "either you peg your currency way down or we'll bomb the sh-- out of you," just like Armitage with his Pakistan crap. It doesn't make sense that foreign nations invest in the dollar"


I agree, BUT, it's interesting to note how currencies move (or DO NOT move) when bush visits (enter name of great political official here). I've only followed the GBP and USD and the fact that the currencies do things contrary to economics when Bush visited Blair on a few delicate occassions...really implies that yes, it doesn't make sense, but there might be (ok, there ARE) incentives that we the common people are completely unaware of.

Additionally, this is a nation that can obliterate the earth 3 times over, so investing in the dollar if you bear that in mind...does make some sense...