The Traderszone Network

Published in TZ Latest News 10 October, 2014 by The TZ Newswire Staff

Schiff: Buyback trend will end in tears

Yesterday, Carl Icahn sent a letter to Apple CEO Tim Cook asking him to use some of the $133 billion on the company’s balance sheet to buy back more shares of stock. Across the market, share buybacks are already at the highest levels in the past seven years. Peter Schiff, CEO of EuroPacific Capital says this is not a good thing.