Category Archives: share buybacks
Factset published Q4 2014 S&P500 buyback data this morning. At $125.8B it was exactly where I forecast (I estimated $125B). I’m estimating share buybacks will soar to $160B in Q1 and $170B in Q2 — to be some of the highest buybacks ever. Here’s the updated chart for S&P500 share buybacks, insider trading, and the SPX. While corporate managers desperately keep wildly overinflated […] Read the rest of this entry »
Factset provided their Q2 share buyback data this morning, so here’s an update…. Factset indicated Q2 buybacks dropped noticeably. Given that share buybacks have been the main driver of S&P500 earnings per share growth over the past 2-3 years (hello P/E expansion!), a continued drop in buybacks would likely now begin to have a detrimental impact on reported eps growth. Share buybacks are going […] Read the rest of this entry »
I like it when things’s correlate…. This chart will be updated in the next 2 weeks.
Here’s an update to my chart on share buybacks, insider selling, and the S&P500. Chart data courtesy of Vickers, Factset, and yours truly. Some estimating has been done for Q3 & Q4 (obviously). See if you see a pattern…. Nope. Nothing to see here….
Here’s an update to one of my favorite correlations: insider selling (sell high), share buybacks (buy high), S&P500 peaks. There’s some estimating being done with the 2014 data of course.
Q1 saw $154.5B in share buybacks. This has only been topped twice — Q2 & Q3 2007 — the peak of the last major bubble. Strip-out share buybacks and there was no earrings growth in Q1 2014 vs Q1 2013. Indeed there has been virtually no earnings growth for the past 2.5 years — when adjusted for share buybacks. If you take a 2-quarter […] Read the rest of this entry »