Humm...there could be a very big business cleaning up waste water from a hundred years of mining....can this company play a part at all? I hope they are looking into it.http://news.yahoo.com/navajo-nation-says-feels-brunt-colorado-mine-leak-051559482.html#
FROM Stock Monkey today...
Restructuring Is Painful, But Necessary
I also think it’s good to see Qualcomm finally taking action on its share-based compensation, something I have taken issue with for some time. The company’s earnings are repeatedly hurt by a significant amount each quarter because of its lucrative stock awards. For example, in fiscal 2014 the company’s earnings were hit to the tune of $0.50 per share just because of share-based compensation. This year is expected to be even worse–$0.52 per share.
As a result, I was relieved to see the company get serious about its bloated cost structure. Going forward, Qualcomm will reduce its stock compensation by $300 million annually.
Barry's answer has been to raise debt and deploy that cash for buybacks. Something that only modestly aims to curb the excessive dilution in shares we've seen from executive compensation packages over the years. Spending money on buybacks is a great idea, when you have growth opportunities in place and meaningful runway. When you don't, well, that's some short-term financial engineering at its best.
For years and years top executives have feathered their nest at OUR expense by getting outrageous stick option. A huge percentage of the annual stock buyback program has gone to cover executive stock giveaways. Management of the company have become FAT LAZY STUPID and GREEDY. It is time for stockholders to call them to the carpet. DO IT! PUSH management. Be an active stockholder it is YOUR money they are wasting.
I read somewhere not to long ago that this company wastefully buys back stock so that they can give management excessive options thus stockholders get the royal shaft. Can anyone confirm this,,,,that they are about the worst major company in this regard??? If this is true to the extent I have read then it might be time to sell this stock after well over a decade.