Thread regarding Oracle Corp. layoffs

More bad news about Oracle's Financials

https://www.investing.com/analysis/oracle-buybacks-gone-bad-and-special-market-trading-update-200690992

But seriously, WTF does Warren Buffett know?

Re: stock buybacks over the last decade, and the reissuance this week-

"If it had saved the money for future investment instead of buying back shares, its credit rating would not be on the verge of a downgrade to junk, and it would not rely so heavily on dilutive equity issuance to fund its AI-related investments. Poor judgment designed to bolster the stock price a few years ago leaves the company in a precarious position today."


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Post ID: @OP+1m6s56zn7

2 replies (most recent on top)

You are under the delusion that C suite jagoffs care about anything but the next quarter.

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Post ID: @b4+1m6s56zn7

Somebody please refresh my memory.

Wasn't much of the cash used for those stock buybacks from Covid funds that came from the feds? I.e., orange man's first term?

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Post ID: @ae+1m6s56zn7

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