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A comment on Stock buybacks are dangerous for the economy. Parent comment

Re:Stock buybacks are dangerous for the economy by IanDrake on Wednesday March 18, 2020 @09:15AM (#22616252)
Who took on more debt just for stock buyback that is now asking for a bailout?
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Re:Stock buybacks are dangerous for the economy by pauljurczak on Thursday March 19, 2020 @04:40PM (#22631494)
It's not necessarily about taking debt to buyback their stock. It is about free cash flow. Here are some facts:

"As a group, the six [major US] airlines spent 96% of their free cash flow on stock buybacks over the past 10 full years through 2019."

"Boeing’s free cash flow for 10 years totaled $58.37 billion, while the company spent $43.44 billion, or 74% of free cash flow, on stock repurchases."

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