Goodbye Buybacks: Gap, MGM Halt Stock Repurchases Due To "Unprecedented Volatility In Financial Markets" [zero hedge]
MGM Resorts International (MGM)
Last mgm resorts international earnings: 4/30 04:15 pm
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Source: zero hedge
Goodbye Buybacks: Gap, MGM Halt Stock Repurchases Due To "Unprecedented Volatility In Financial Markets" It's funny how life works: when stocks were surging, nobody had a problem with stock buybacks. Sure, the occasional politicians or strategist cautioned that share repurchases, especially those funded with debt, are a growing danger to financial stability, but as long as these same buybacks helped push stocks - especially those of tech names - and the overall market higher, most kept their mouth shut, even though using company cash to buy your own stock (and boost management's stock-linked comp) at all time highs is idiotic and best, and criminal at worst. And then everything changed, and in the span of less than 3 weeks stocks crashed from all time highs into a bear market, in a move that has now surpassed the Global Financial Crisis in velocity, if not extent (yet). Ironically, instead of urging companies to use their cash to take advantage of the sharp drop in value and buyback s
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MGM
News
- New Survey Data Reveals Consumer Concerns and Opportunities Surrounding Community Pools within MunicipalitiesPR Web
- Can Keyword Trends Help Predict Stock Movement? [Forbes]Forbes
- MGM casino exec flags major headwinds hurting its pockets in 2025 [Yahoo! Finance]Yahoo! Finance
- MGM Resorts International (MGM) Yet Again Delivers Record Revenue in Q3 [Yahoo! Finance]Yahoo! Finance
- The Rose Gaming Resort brings jobs, revenue, and slots to Virginia [Yahoo! Finance]Yahoo! Finance
MGM
Earnings
- 10/30/24 - Miss
MGM
Sec Filings
- 11/12/24 - Form SC
- 10/30/24 - Form 10-Q
- 10/30/24 - Form 8-K
- MGM's page on the SEC website