Goldman Sachs Recommends M&A, But Expects More Buybacks
Buybacks will exceed $600 billion this year for the first time since 2007 and make up nearly 30% of total cash spending, Goldman Sachs analysts estimate in a recent report, but that’s not what they think should be happening. While buybacks tend to give stock prices a quick boost, 43 months into a bull market with a looming Fed rate hike doesn’t seem like the right time to swap cash for shares.
“Although buybacks do not represent an optimal use of cash at the current . . .
SORRY! This content is exclusively for paying members. If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.
|
