Investing
Microsoft (MSFT): The Big Share Buy-Back In The Sky
Published:
Last Updated:
Microsoft (MSFT) is going to buy back $20 billion of its shares. Take that to the bank. Maybe.
UBS says that investors should expect the move by the world’s largest software company soon. UBS says MSFT won’t even tell anyone until the purchases are over.
According to Bloomberg, UBS says “They won’t announce it until it’s done.”
The news service adds "A buyback of between $15 billion and $20 billion would lift earnings per share by as much as 10 cents annually."
Since there is very little hard evidence that share buy-backs help stock prices, the whole matter maybe a waste of money. For $20 billion, Microsoft could buy two solid companies like Salesforce (CRM).
Douglas A. McIntyre
Credit card companies are at war, handing out free rewards and benefits to win the best customers. A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges. See our top picks for the best credit cards today. You won’t want to miss some of these offers.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.