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TrimTabs
- Press Release - Dec 28, 2005 TrimTabs Investment Research Reports Record $456 Billion in New Stock Buybacks and Record $277 Billion in New Cash Takeovers Announced during 2005 Santa Rosa, CA - December 28, 2005 - TrimTabs Investment Research reports that 1,012 U.S.-based publicly traded companies announced $456 billion in stock buybacks during 2005, smashing the previous record of 728 companies announcing $312 billion in stock buybacks during 2004. Also, TrimTabs reports that $277 billion in cash takeovers of already public U.S. companies was announced during 2005, easily topping the previous record of $231 billion set during 1999. "U.S. public companies announced record buybacks this year, as well as a record $277 billion in cash takeovers," said Charles Biderman, Chief Executive Officer of TrimTabs. "This activity suggests the big players in corporate America are very bullish on their companies' prospects heading into the new year." Not
only are companies announcing a record amount of stock buybacks, but actual
stock buybacks are also surging. Based on data from Securities and Exchange
Commission filings, TrimTabs reports that the 1,000 U.S. public companies
with the largest market capitalizations bought back $280 billion of their
own shares during the first three quarters of 2005. Since announced stock
buybacks totaled a record $157 billion during the fourth quarter of 2005,
TrimTabs estimates that Russell 1000 companies actually bought back at
least $120 billion during that quarter, lifting the annual total to a
record $400 billion. #
# # CONTACT: Conrad
Gann |