The Growth “Story” Is Over: Amazon Authorizes $5 Billion Stock Buyback
by Tyler Durden
ZeroHedge.com
02/10/2016
After the recent Amazon earnings, which were not bad at all, but which put a lid on the company’s growth expectations, there was just one thing missing: the same thing that capped Apple’s own growth, and creativity: a stock buyback. Well, we just got it.
AMAZON AUTHORIZED BUYBACK OF UP TO $5B OF STOCK
And just like that AMZN joins the AAPL club in admitting it is fresh out of organic growth ideas, and will resort to balance sheet alchemy to boost its price higher over the foreseeable future. Any immediate jumps in the stock are to be faded.
The Rest…HERE