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A comment on Stock buybacks are dangerous for the economy.

Re:Stock buybacks are dangerous for the economy by cornishpixels on Tuesday March 17, 2020 @02:48PM (#22608614)
> In 2018 alone, even with after-tax profits at record levels because of the Republican tax cuts, buybacks by S&P 500 companies reached an astounding 68% of net income, with dividends absorbing another 41%.

Uhh... well, that math doesn't check out.

[ Parent | on HN ]
Re:Stock buybacks are dangerous for the economy by ascagnel_ on Tuesday March 17, 2020 @02:53PM (#22608691)
It's saying that the S&P 500 companies spent a total of 109% of their income on buybacks and dividends, intentionally and voluntarily running at a loss to increase stock prices (vs. running at a loss to grow revenues or something similar).
[ Parent | on HN ]