Excerpt from Reuters quoting DataTrek’s Nick Colas”
…. “Datatrek Research said U.S. companies tend to spend between 40% and 60% of operating income on buybacks and only breach the low end in “the direst times.”
So even if earnings were to decline, buybacks would not disappear but would fall at the same rate as earnings, according to Datatrek Research co-founder Nicholas Colas“….
Read the full article here from Reuters!