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Northrop Grumman Corporation Message Board

  • mcmem mcmem May 17, 2013 3:19 PM Flag

    Stock buybak

    The stock buyback is a great move and we need to look at the problem globally.

    1. BO has printed about $6T of money. If these money remains in USA, our economy should have been booming 4 years ago.
    2. The problem of course is that these money flew to Asian countries. Average housing price at Hong Kong is $5M. Housing in major cities in China are $1M+. Taiwan is $3M. These are all in US dollar. Our money has caused so much problems there that they want to kick us out. There are lots of news that foreign investors are buying US properties with cash.
    3. Japan has turned on its printing press, and the exchange rate dropped from 80 to over 100. Korea economy is greatly damaged by this flood.

    The end result is clearly and obvious. The US junk bond rate has dropped to less than 5%. Now, do you think the management can obtain 5+% return? Forget the sell in May. We are all going to live in million dollar neighborhood without moving.

 
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