Relevant:
- Tax Cut Windfall To Fuel Corporate Buyback Orgy; $800 bln in 2018
- "By Almost Every Measure Stocks Are Overvalued" Warns Goldman After Slamming Corporate Buybacks
- Why Stocks Just Won't Drop: Companies Spend Almost All Profits On Buybacks
- There's Only One Buyer Keeping S&P 500's Bull Market Alive
- $407 Billion in Corporate Stock Buybacks: Tax Reform Promises Dashed; And Even Goldman Balks
2016-11-22 — bloomberg.com
``"A significant portion of returning funds will be directed to buybacks based on the pattern of the tax holiday in 2004," the team, led by Chief U.S. Equity Strategist David Kostin, write. They estimate that $150 billion (or 20 percent of total buybacks) will be driven by repatriated overseas cash. They predict buybacks 30 percent higher than last year, compared to just 5 percent higher without the repatriation impact.''
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