Derek Moore is back to discuss the war on share buybacks after a rumored 1% excise tax announcement. What are share buybacks? Why do companies do them? Plus, when you'll officially here whether we are in a recession.

Recessions are called long after they start

NBER Nation Bureau of Economic Research committee dating business cycles

What NBER criteria uses to call recessions

Are share buybacks good or bad?

1% excise tax on share buybacks

Dilution vs anti-dilution of share issuance and share buybacks

How share buybacks affect EPS Earnings per Share

Walmart share buybacks and net income effects to EPS

Amazon has more shares today than in 2006

Employee stock-based compensation and share buybacks

How little corporate taxes represent of total revenues of US government

Dividend yield vs share buyback yield

Total augmented stock yield (buybacks + dividends)

Mentioned in this Episode:

Debating what a recession is and isn't podcast https://podcasts.apple.com/us/podcast/debating-what-a-recession-is-someone-is-wrong/id1432836154?i=1000571629306

NBER business cycles – when a recession or end of recession was called https://www.nber.org/research/business-cycle-dating/business-cycle-dating-committee-announcements

Apple's buyback yield https://finbox.com/NASDAQGS:AAPL/explorer/buyback_yield

Economic PI site http://econpi.com/index.php

Derek Moore's book Broken Pie Chart https://www.amazon.com/Broken-Pie-Chart-Investment-Portfolio/dp/1787435547/ref=sr_1_1?keywords=broken+pie+chart&qid=1558722226&s=books&sr=1-1-catcorr

Contact Derek [email protected]