Guzman Share Monthly Repurchase Report - January 2018
Guzman & Company’s Investment Banking team released its Share Repurchase Update for January 2018
Summary: Perhaps “repurchase more stock” was the New Year’s Resolution for corporate America, with above average authorization volume announced in January. The average volume announced has been ~$50BN/mo. for the past few years, so January’s $65BN represents an ~30% above average month. The strong start to the year could be attributed to continued tailwinds from tax reform and cash repatriation. While it may appear as if the “Technology” sector was notably absent, January top 5 companies included Alphabet ($8.6BN) and eBay ($6BN), which are technically classified as “Communications” companies now.
Read full report here: Monthly Share Repurchase Update Jan 2018.pdf