untries with XBRL mandates that ver all of their listed mpanies have an astonishingly rich source of data about their markets, in terms of individual mpanies and long term trends. This is invaluable information for investors, analysts, regulators and policy makers, not to mention the academic mmunity. Making the news this week is a research paper from Calcbench on the share repurchase programs of US mpanies. Calcbench’s data is sourced from the SEC’s XBRL EDGAR data base.
An eye watering 2.5 trillion US dollars have been spent by mpanies on buying back their own stock since 2012. Share buybacks lower the st of capital that mpanies incur, return cash to investors and enhance key earnings ratios such as P/E and EPS. What else do they signal? Lack of new opportunities for growth? Management that prefers financial engineering to innovation? mpanies heading away from public markets? Make your own minds up — have a read of the article from XBRL US member Calcbench, as well as their in depth research report.
中文新闻:Calcbench发布股票回购报告 |