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A HERETIC I AM

(24,903 posts)

7. Unfortunately Steve, you have this wrong.

Wed Feb 25, 2015, 01:50 AM

Feb 2015

No where in the article does it claim that Home Depot is buying back shares in order to push up the stock price. Publicly traded companies do such buy backs all the time and it doesn't mean they are screwing heir employees.

Did you also read where they are planning on hiring another 80,000 people?

Now I am no fan of Home Depot, far from it. They, like most companies of their size and type, underpay their floor help, but increasing a dividend and buying back shares of common stock is not the horrible thing you have attempted to characterize it as.

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Home Depot just stuck it to every worker (like the rest of the BIG companies do) [View all] Omaha Steve Feb 2015 OP

, blkmusclmachine Feb 2015 #1

yet another reason not to give them my custom. niyad Feb 2015 #2

So corporations that pay dividends on their stocks are now considered evil? Nye Bevan Feb 2015 #3

Not just the dividend Omaha Steve Feb 2015 #4

Home Depot has an employee stock purchase plan... DreamGypsy Feb 2015 #6

15% discount. I just checked. Yo_Mama Feb 2015 #10

How much stock can the average store worker buy on what they make? Omaha Steve Feb 2015 #12

Unfortunately Steve, you have this wrong. A HERETIC I AM Feb 2015 #7

Profits Without Prosperity Omaha Steve Feb 2015 #8

What possible reason is there for buying back stock if not to push up the stock price? stillwaiting Feb 2015 #9

They sell the stock to their employees madville Feb 2015 #14

I've been on the road driving from LA back to JAX.... A HERETIC I AM Feb 2015 #19

The whole point of a buyback is to push the share price up. DanTex Feb 2015 #16

And if 50% of the shares are owned by the big wigs TexasBushwhacker Jul 2015 #20

I guess I helped with my new 25 thousand kitchen yeoman6987 Feb 2015 #5

The employees can't be harmed if the value of the company goes up treestar Feb 2015 #11

+100 n/t SickOfTheOnePct Feb 2015 #13

Fourth-quarter profit of $1.38 billion didn't get them a raise Omaha Steve Feb 2015 #15

We don't know for sure yet treestar Feb 2015 #17

Not all big companies do that. Glassunion Feb 2015 #18