John Deere (DE) apparently has more money than they know what to do with, so they are buying back even more of their own stock:
DE RAISES DIVIDEND 12% TO $0.28 FROM $0.25, INCREASES BUYBACK BY $5B (14% OF MARKET CAP)
- payable August 1, 2008, to stockholders of record on June 30
1 Comments
May 28th, 2008 at 12:19 pm
The CEO of JCI (forget his name) said it best in an interview. He believes stock buy backs are the last resort for companies that have run out of ideas on how to continue growing revenue.