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A comment on Companies Use Borrowed Billions to Buy Back Stock, Not to Invest. Parent comment

Re:Companies Use Borrowed Billions to Buy Back Stock, Not to... by TAForObvReasons on Saturday August 10, 2019 @09:08PM (#20665565)
If that were the case, why wouldn't the companies just hold onto the cash, wait for the recession, then use the cash reserves to buy back their stock on the cheap?
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Re:Companies Use Borrowed Billions to Buy Back Stock, Not to... by nemonemo on Saturday August 10, 2019 @09:13PM (#20665577)
I was answering to the comment (paywalled by the article), and I believe a few companies do hold onto the cash when they see the opportunity, but probably not many would have the gut or the data.
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