Resources Archives - Page 2 of 4

Joachim Klement: About Those Share Buybacks, 2023

Ryan May 10, 2024 No Comments

Short piece from Joachim Klement’s Substack newsletter, Klement on Investing, discussing his take on buybacks. Summary: “…it seems corporate executives know what they are doing when they are buying back…

Roger Lowenstein: Buffett on Buybacks: The Oracle Speaks With Censorious Tongue, 2023

Ryan May 10, 2024 No Comments

Roger Lowenstein looks at Warren Buffetts’ decision to discuss the politicized topic of stock buybacks in his shareholder letter.

Jason Zweig: Stock Buybacks Aren’t Bad. They Aren’t Good, Either, 2023

Ryan January 25, 2024 No Comments

In 2013, WSJ columnist Jason Zweig wrote about President Biden’s proposal to quadruple the tax on corporate share repurchases, along with the general hostility towards buybacks.

Aswath Damodaran: Podcast with Ritholtz, 2023

Meer January 3, 2024 No Comments

NYU Professor Aswath Damodaran appears on Barry Ritholtz’s podcast, Masters in Business. Click the link to listen below and you can read the transcript here. The buyback discussion starts just…

Johnson Asset Management: Equity Income Investing: Beyond Dividend Yield, 2022

Ryan May 17, 2024 No Comments

White paper examines the shortfalls of equity income strategies that focus on dividend yield alone. Summary: See Figure 11 – “Return and Risk Profiles” on Page 11. “Historical return research…

Share Repurchases on Trial: Large-Sample Evidence on Share Price Performance, Executive Compensation, and Corporate Investment, 2022

Meer January 3, 2024 No Comments

Academic paper published on SSRN. Summary: “Using a large sample of US stocks covering more than three decades, we empirically examine common criticisms of and rationales for stock repurchases.”

Standard & Poors: Examining Share Repurchasing and the S&P Buyback Indices in the U.S. Market, 2020

Ryan May 10, 2024 No Comments

Since 1997, share repurchases have surpassed cash dividends and become the dominant form of corporate payout in the U.S. This paper gives an overview of share repurchases in U.S., including…

OSAM: The Factor Archives: Shareholder Yield, 2019

Ryan May 15, 2024 No Comments

In an O’Shaughnessy Asset Management research piece, Jamie Catherwood discusses the empirical evidence for, and history of buybacks.

Ed Yardeni, Stock Buybacks: The True Story, 2019

Ryan January 25, 2024 No Comments

Book available from Amazon from strategist Ed Yardeni. Summary from Amazon: “Several Progressive politicians have pounced on corporate share buybacks lately. They see buybacks as a major source of income…

OSAM: Shareholder Yield: A Differentiated Approach to an ‘Efficient’ Market –US Large Cap Value , 2019

Ryan May 15, 2024 No Comments

O’Shaughnessy Asset Management paper discusses how shareholder yield can be used in an efficient market like large cap stocks.

Category: Resources