Hints and tips:
...The buyback phenomenon looks suspiciously like a rerun of zaitech, the financial engineering that big industrial companies engaged in with very damaging consequences during the Japanese bubble of the 1980s...
...corporate purchase Japan Sony paid $3.4bn for Columbia Pictures in 1989 China ChemChina’s pending purchase of Syngenta for $43bn ————————– Analysts are particularly intrigued by the similarities between “zaitech...
...Except, whether you call that movement fintech, zaitech or blockchain, there’s absolutely no good it will do anyone for as long as it continues to encourages spare resources to flow into zero-sum games,...
...Decent profit (cashflow growth) may be more than sufficient to cover capital expenditure and dividends, but a gargantuan funding gap emerges as companies also undertake their corporate finance zaitech activities...
...And the Japanese companies that practiced Zaitech, the form of financial engineering that involves bolstering corporate earnings through stock market speculation, have not gone in for much fundamental analysis...
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