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When Buybacks Fail...
This is what happens when the corporate buyback bonanza bursts. If the CFO loved it at $116 - which is Monsanto's average stock buyback stock over the past 5 years - he'll love it at $84.
Monsanto spent $7.1 billion on buybacks in Fiscal 2014 at an average price of $115/share. MON stock is now $85, a -26% return
— zerohedge (@zerohedge) October 7, 2015
Time to borrow some cheap money to fund more buybacks. Oh Wait!!
h/t @Moved_Average
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janet yellen "the light of my life"
Nothing would make me happier than to see Monsantan go down.
Yep. Couldn't happen to a nicer co.
Seeing GS implode wouldn't make you happier?
Boycott Monsanto. Just another evil, society killing cartel.
I, for one, am happy that Monstanto didn't use that cash for extra capacity.
Good point.
Guess they are just gona have to cut more jobs AGAIN!
Time to Roundup the wagons and form a circle...looks like were going down..
What I'm waiting for is when Mon Santo (what a wickedly clever name, My Saint... My Ass) fails.
And buyback failure is a sign of implosion....
First you cannot produce (honstly) to keep your stawk up...
Then you cannot TAWK your STAWK up...
Finally you cannot even BUY your Stawk up...
Even though it's evening here in India, let me say it, I love the smell of burning monsanto in the morning.
Speaking of burning, the final trailer/teaser of my stop th eburning (of oil) series...after this the launch...
https://www.youtube.com/watch?v=BPOkf_1J83A
And yet, Monsanto will still be conducting business as usual yr after yr after yr.
And the stock market surges.
We need to think longer time-lines in general. That is one of the strongest suits of the planners of general mahem....Multi-generational to them can mean thousands of years...
We need to think like them...
What accounting trick will they be able to use under GAAP to hide this 26% loss and issue an awesome quarterly report?
Firing more of the little people. Standard operation procedure.
Meh, it's only other people's "money". WTF do they care as long as they're killing people and their bonuses are fat?
Fertilizing the buybacks with Monsanto debt.
After other people's money for stock buybacks to boost the CEO's and board's stock options the reverse will be painful.
By then the CEOs have their nice bonuses and options cashed out.
People do not understand that buybacks are not designed to prop up the stock, but to harvest dollars for insiders.
The buybacks worked perfectly ... and who cares if the company has more debt!
If I was a cynic I'd assume when things get bad enough those same insiders will play musical chairs, starting over at Bailout Inc. with a new low baseline from which to measure their performance.
Most if not all informed people want to see the Bankster Cabal Khazarian Mafia go down in flames. There are things each sovereign individual can do to help.
- stop buying GMO laced food. That garbage is fucking killing you.
- stop inhaling other garbage like soda and bullshit loaded with sugar and high fructose corn syrup
- stop using toothpaste laced with flouride literally designed intentionally to make you fat and dumb
- get healthy and off of big pharma chemical bomb pills
- do not do any business with a Fed PD
I know it's a long haul but the least we can do as individuals is take action.
Looks like someone was drinking the glycophosphate.....
It's actually Glyphosate, but well plaid! ;-)
When the red ink flows a $1/per share loss now becomes $2/per share thanks to reduced share count.
I would say it time to double or triple down on those expensively purchased shares...the insiders probablly did a Goldman and shorted the shit out of those bought back shares.
Also, Monsanto provides farmers seeds with intellectual properties and penalizes and puts farmers out of business if they don't 100% comply. The farmers are also very concerned about the data Monsanto collects and sells as well, same old thing, selling data. Got any seeds left over and want to use them next year, nope won't work that way.
http://ducknetweb.blogspot.com/2014/02/big-data-in-farming-back-to-data.html
Data selling epidemic certainly lives here.
MON has a surprisingly low P/E ratio compared to most other stocks...after that price drop.
Let MonSatan fail. Fuck that POS company.
Russia is thinking of boycotting Monsanto specifically and banning GMO's all together. The initiative could be linked to this price drop as they are a big agricultural client.