You Should Be FURIOUS

Is this negligence or criminality? [Shield] AN OXFORD CLUB PUBLICATION [Wealthy Retirement]( [View in browser]( SPONSORED [Former CBOE trader reveals #1 stock EVERY WEEK!]( [1 Stock Every Week]( It's delivered an 83% win rate, but he guarantees he'll beat that! [Watch how he does it...]( Editor's Note: Did you miss [The 2022 Stock Market Fast Track]( event featuring Chief Investment Strategist Alexander Green, Chief Income Strategist Marc Lichtenfeld and TradeSmith CEO Keith Kaplan? If so, it's not too late to view the rebroadcast and learn more about Keith's easy-to-implement technique that could boost your returns by up to 6X... [Click here to see how you could turbocharge your gains in 2022.]( - Kyle Wehrle, Assistant Managing Editor [MARKET TRENDS]( [Management Teams Are Abusing Share Buybacks]( [Jody Chudley, Contributing Analyst, The Oxford Club]( [Jody Chudley]( You've [heard me rant]( about this several times before... While I love share repurchases as a tool to create shareholder value, I detest how the majority of publicly traded companies misuse them. The bungling of share repurchases has never been more rampant than it is right now. In the third quarter of 2021, share repurchases by members of the S&P 500 totaled an incredible $234.6 billion. That's an all-time record. It's also a huge increase of 130% from the $101.8 billion worth of share repurchases that were logged in the third quarter of 2020. Now, let's think about this for a minute... In 2020, S&P 500 companies were much more conservative with their share repurchases. The economy was scary, so they sat on their cash. In 2021, business prospects have improved and companies are buying back stock hand over fist. What they aren't thinking about is price... SPONSORED ["The Lifeblood of the New Economy" Is in Her Hand...]( [Woman Using ?]( Over the next decade, the technology in her hand could create as many as 4.6 million jobs... Contribute up to $1.7 trillion to U.S. GDP... And help some people accrue life-changing wealth. [Here's how you could become one of them...]( Instead of buying low, they are buying high. They are doing the exact opposite of what smart investors do. [S&P 500]( As you can see in the chart above, the S&P 500 started the third quarter of 2020 at 3,100 and ended it at 3,363. The index has gone straight up from there. The companies that make up the index repurchased $101.8 billion worth of stock in the third quarter of 2020. Meanwhile, in the third quarter of 2021, the S&P 500 traded within a range of 4,297 to 4,307, which, on average, is 33% higher than where it traded in 2020. At these much higher prices, management teams of S&P 500 companies more than doubled their rate of share repurchases to $234.6 billion. Instead of using share repurchases to create value by paying bargain prices, they use repurchases to destroy value by paying expensive prices. Why not accumulate cash when share prices are high? That way, companies have dry powder to repurchase shares at lower prices during the next stock market swoon. It frustrates me beyond belief. But management teams are doing something that upsets me even more... [Click to Read More...]( MORE FROM WEALTHY RETIREMENT [Seasick Woman]( [How Long Can This 40% Yield Stay Afloat?]( [Sunlit Pumpjack]( [Oil Producers Finally Have Some Discipline]( [Man and Bear]( [What's Your Bear Market Plan?]( [A Christmas Carol]( [This 4.1%-Yielding REIT Remains Sturdy]( [Facebook]( [Facebook]( [Twitter]( [Twitter]( [Email Share](mailto:?subject=A%20great%20piece%20from%20Wealthy%20Retirement...&body=From%20Wealthy%20Retirement:%0D%0A%0D%0AIs%20this%20negligence%20or%20criminality?%0D%0A%0D [Email Share](mailto:?subject=A%20great%20piece%20from%20Wealthy%20Retirement...&body=From%20Wealthy%20Retirement:%0D%0A%0D%0AIs%20this%20negligence%20or%20criminality?%0D%0A%0D [Email Share]( [Push Alert]( SPONSORED [Palm Beach Millionaire Is Giving Away His Top Income Secrets... FREE OF CHARGE.]( [Millionaire Sticker]( [CLICK HERE]( [The Oxford Club]( You are receiving this email because you subscribed to Wealthy Retirement. Wealthy Retirement is published by The Oxford Club. Questions? Check out our [FAQs](. Trying to reach us? [Contact us here.]( Please do not reply to this email as it goes to an unmonitored inbox. [Privacy Policy]( | [Whitelist Wealthy Retirement]( | [Unsubscribe]( © 2021 The Oxford Club, LLC All Rights Reserved The Oxford Club | [105 West Monument Street](#) | [Baltimore, MD 21201](#) North America: [1.800.589.3430](#) | International: [+1.443.353.4334](#) | Fax: [1.410.329.1923](#) [Oxfordclub.com]( The Oxford Club is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. Members should be aware that although our track record is highly rated by an independent analysis and has been legally reviewed, investment markets have inherent risks and there can be no guarantee of future profits. The stated returns may also include option trades. We expressly forbid our writers from having a financial interest in their own securities recommendations to readers. All of our employees and agents must wait 24 hours after online publication or 72 hours after the mailing of printed-only publications prior to following an initial recommendation. Any investments recommended by The Oxford Club should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Protected by copyright laws of the United States and international treaties. The information found on this website may only be used pursuant to the membership or subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of The Oxford Club, 105 W. Monument Street, Baltimore MD 21201.