Posted on 04/27/2020 6:11:58 AM PDT by dynachrome
“ If you have extra money to return to shareholders, declare dividends.”
****
I have several stocks in my 401K and IRA accounts. And, have watched this over the years. I tend to agree with you, tend to prefer dividends over stock buybacks. The problem with buybacks it’s almost impossible for the average investor to quantify the value of buybacks where as dividends are a straight forward calculation.
Auto makers who want to move inventory, like Toyota, are providing actual market rates for auto loans, 0%.
Union folks don’t want to go back to work....not with that $600 a week extra for 4 months.
“ the GM UAW stole my retirement money.”
*****
You and lots of other folks, including me. I had 2,000 shares of GM common stock in my 401K that turned to dirt. By law common stock holders are the last to feed at the trough during a bankruptcy. So, millions of small investors got burned being GM was considered a “Grandma” stock because historically it paid a good dividend.
union leaders said last week they oppose an early-May restart”
Of course they do. Full wages and orders from the DNC.
Yes but Bond holders are early in line.
Bonds were trashed.
The UAW is a band of thieves.
After this is over,not much will be standing but government and those wealthy enough to ride it out many of whom we the tax payer subsidized. To ad insult to injury,Trump and Trump supporters will be blamed for it all and the American left and China will pop corks. Anyone angry?
And it begins? One of my favorite companies declared chapter 11 today, Diamond Offshore. Back in the days of Bob Rose it was a great contractor. The people there made it great. Just good folks. Their get it done attitude made up for a lot of old iron.
Im so stealing that.Thank you
Let them go. Someone will rescue whatever remains profitable, and some efficient new operation will emerge.
Shut up serf, and pay your taxes to your overlords. /sarc
Buybacks have the effect of juicing EPS and ROE. It might help the stock price a little but I’d rather have dividends, even though its a taxable event for the shareholder.
Will GM execs suspend the big bonuses for themselves?
Disney did not as it stopped paying 100,000 people.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.