- Nvidia plans to buy back $150 billion of its stock, the largest such transaction in history.
- The bear case argues buybacks tend to be ill-timed, with companies repurchasing shares near their peak.
- Invesco's BuyBack Achievers ETF is cited as the evidence base for the ill-timed buyback argument.
Quotes
“Nvidia's plan to buy back $150 billion of its stock — the largest such transaction in history — may not be the bullish sign many think.”
“Buybacks tend to be ill-timed — with companies buying their own shares when they're peaking.”