It's time to acknowledge companies with dedicated buyback programs. They have demonstrated a willingness to step up to the plate in good times and bad. They have bought shares practically every quarter, reducing market timing risk.
To be included in the "Unsung Heroes," companies must have purchased at least 20% of their shares during the last decade and bought back shares during the "Great Recession" (Hey, it's my category, so I get to make the rules).
By the way, Exxon Mobil (XOM) actually took down 10% of its shares smack in the middle of the recession when most companies halted their buyback programs. Incredibly, Wal-Mart, Exxon, Intel, and IBM all reduced share count significantly during the "Great Recession." That took a strong resolve. With the collapse of equity prices, those buybacks were well-timed.
Thursday, August 25, 2016
Tuesday, August 19, 2014
Tuesday, August 12, 2014
Tuesday, August 5, 2014
China National Gold Group Corp. is in talks about buying Barrick Gold Corp. (ABX)’s African unit as the world’s biggest commodity-consuming nation continues to snap up resources on the continent.
There’s no certainty that China National Gold will make an offer for Barrick’s 73.9 percent stake in African Barrick Gold Plc (ABG), Toronto-based Barrick said in a statement today. UBS AG is advising the Canadian company, according to the statement.
Tuesday, July 29, 2014
Wednesday, July 23, 2014
Even before Apple co-founder and former CEO Steve Jobs passed away at the age of 56 on October 5 of last year, the whole world was fascinated not only with the man who helped transform Silicon Valley but also by the mystery surrounding the company he helmed...
Saturday, February 2, 2013