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Stock impact report

Corporate cash cows boost share buy-backs even as most retrench [Reuters]

Prologis, Inc. (PLD) 
Last prologis, inc. earnings: 4/21 08:00 am Check Earnings Report
US:NYSE Investor Relations: ir.prologis.com
Company Research Source: Reuters
Corporate cash cows boost share buy-backs even as most retrench NEW YORK, March 16 (Reuters) - A few of corporate America’s top cash generators are ramping up share buy-backs, even as most companies have suspended them or are winding them down as they brace for an economic downturn driven by the global coronavirus outbreak. Business software giant Oracle Corp, energy drinks maker Monster Beverage Corp, private equity firm Apollo Global Management Inc, frozen foods company Nomad Foods Ltd and real estate investment trust Prologis Inc are among the companies that said in recent days they were initiating or boosting share repurchase programs. Some of them cited the market rout fueled by the coronavirus healthcare crisis as grounds for doing so. The S&P 500 Index has lost more than a quarter of its value in the last four weeks, as investors fret about the economic impact of the pandemic. “We think it’s an incredible deal. (Our stock) has basically gone on clearance sale in the past few da Show less Read more
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