Financial Engineering concept on the gearwheels, 3D rendering
Financial Engineering concept on the gearwheels, 3D rendering

XPO’s numbers in Q1 can be explained simply: the 3PL is buying back stock as fast as it can to prop up earnings per share, but despite that, it missed my estimates yesterday.

That said, Bradley Jacobs is a genius.

Make it illegal 

“You almost hope buybacks were illegal,” said one US-based trader who closed his short position earlier last month. He pointed me to a Zero Hedge story doing the rounds since mid-April, which reminds us that “buybacks were illegal throughout most of ...

Subscription Required

In order to view the entire article please either register an account and subscribe or login with a valid subscription below

Please Register

Please either or click register below to continue Register

COMMENTS 0