Since 2008, GE has spent $53 billion on share buybacks for a market cap of $75 billion.
Go back a few more years and GE will have spend more on buybacks the the company is worth.
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Cumulative Funds Flows and $5 Trillion in Stock Buybacks
by Mish Shedlock, The Maven:
Callum on Fund Flows
10. Cumulative fund flows vs S&P500 — incredible. Something tells me this is going to be even more interesting in hindsight… @topdowncharts $SPX $SPY pic.twitter.com/jT6CzGVyRv
— Callum Thomas (@Callum_Thomas) October 19, 2019
Bianco on Buybacks in Response
What is missing here is buybacks. Since 2009 S&P 500 companies have bought back $5 TRILLION of the stock. This cumulative flow is SIGNIFICANTLY than mutual fund and/or ETF flows.
This cycle is about buybacks. Investor flows are a sideshow. https://t.co/QWoVK7f88k pic.twitter.com/HRKCFYm0ut
— Jim Bianco (@biancoresearch) October 20, 2019
Win Smart on Buybacks
Buybacks pic.twitter.com/WV2nZADN7y
— Win Smart, CFA (@WinfieldSmart) October 20, 2019
Buybacks Work Until They Don’t
Since 2008, GE execs wasted more than $53 billion on stock buybacks.
In 2017, it paid its CEO, Jeff Immelt, a reported $211 million exit package.
Now, in debt, it’s freezing pensions for 20,000 employees–while its share price reaches 25-year lows.
just an absolute disgrace https://t.co/a089xJ97BK
— Eric Markowitz (@EricMarkowitz) October 9, 2019
GE Market Cap
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