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Re: Re: NEGATIVE net issuance of equity since 1994?

michael@xxxxxxxxxxxxxxxxx wrote:

Could that be because the figure includes stock by-backs, which Doug
Henwood has been reminding us exceed stock issuance?
--


Yes, and takeovers. And the trend goes back to the early 1980s.

All this should be well known to readers of LBO and Wall Street.

Doug


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