Happy Systematic Eradication of Labor Day

[Admiral Yi]

Can you direct me to a specific part of the monstrosity?

Incidentally, I benefitted quite directly from McGraw-Hill's buy back.

[Ideologue]

    Honeywell International [HON] has been making about 4 percent on its share buybacks, compared to 13 percent on business assets.
    Oracle [ORCL] is spending half its cash flow in share buybacks, when the return on buybacks has been around 5 percent, compared to around 32 percent on past investments.

Could be cherrypicking.

[Ideologue]

With 54 percent of earnings going to share buybacks, and 37 percent going out in dividends, there is little left for investing in innovation.

But that suggests a more systemic problem.

[Admiral Yi]

Let's assume for the sake of argument it's not cherry picking.  They're still comparing past ROI, at a time when when those companies were growing like gangbusters in newly created markets, to the present, when the market is largely sated.

Also I'm curious how one calculates ROI on a buy back.  Dorsey, you know?

[Razgovory]

It's interesting to me that those who don't own stock, and are therefore the least exposed to the alleged depredations of CEOs, are the quickest to criticize.

Yeah, who'd a thought that people at the economic ladder are those with the strongest criticisms of the system.

[Admiral Yi]

Yeah, who'd a thought that people at the economic ladder are those with the strongest criticisms of the system.

Not sure what you're trying to say Raz.