Thursday, February 16, 2012

Corporate America Still Hiding Its Money

Massive buybacks of shares continue - this AM it is Comcast with the announcement. This is because companies DO NOT see opportunities, which I believe means that the business environment is too risky as I have outlined. Opportunities are there, it is just that over-regulation, uncertain/rising tax expectations, and anti-business rhetoric and policy is pushing the available opportunities beyond the risk threshold of companies. This is how Barack Obama makes capital hide away or flee.

Crazily, Brian Roberts, Chairman of Comcast, is an Obama supporter. His company is reacting to the business environment engendered by his preferred candidate by shrinking. Chalk up another business leader with bad political judgement.


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