Goldman on buyback blackout window - "Goldman Sachs' Amanda Sneider argues that a good time to buy a stock is before a company announces a big share repurchase plan... "The majority of companies just entered the buyback blackout period leading into the 1Q 2015 reporting season," Goldman's Sneider said... "Roughly 70% of S&P 500 firms will report 1Q results during a three-week period between Monday, April 13, and Friday, May 1," Sneider noted. "We expect S&P 500 firms will boost repurchases by 18% to $604 billion in 2015," she added. But as we wait, we could see weakness in stock prices, which Sneider thinks is good news for people with some cash to invest... Sneider recommends investors buy a basket of companies "focused on returning cash to shareholders via buybacks and dividends."" (source: Goldman Sachs via Business Insider, emphasis added)
Verisign to Report First Quarter 2015 Financial Results on Thursday, April 23, 2015.
Goldman Sachs recommends Verisign as one of these buyback stocks with a purported buyback yield of 15.3%.
Verisign Announces Proposed $400 Million Offering of Senior Unsecured Notes (NASDAQ:VRSN): "03/23/15 -- VeriSign, Inc. (NASDAQ: VRSN) ("Verisign") today announced a proposed offering of $400 million aggregate principal amount of senior unsecured notes due 2025 (the "Notes"). The timing, size and terms of the Notes are subject to market conditions and other factors. Verisign intends to use the proceeds from the offering for general corporate purposes, including, but not limited to, the repurchase of shares under its share repurchase program...."
Verisign Announces Pricing of $500 Million Offering of Senior Unsecured Notes (NASDAQ:VRSN): "03/24/15 -- "Verisign Announces Pricing of $500 Million Offering of Senior Unsecured Notes - "Verisign intends to use the proceeds from this offering for general corporate purposes, including, but not limited to, the repurchase of shares under its share repurchase program."
- VeriSign, Inc. (NASDAQ:VRSN) - Feb. 8, 2015 | Seeking Alpha: "VeriSign could be called the perfect Buffett stock" --Warren Buffett's Berkshire Hathaway owns about 10% of Verisign.
- Goldman: Buy during buyback blackout period| Seeking Alpha
- Verisign +7.2%; guidance better than feared, buyback expanded - VeriSign, Inc. (NASDAQ:VRSN) | Seeking Alpha
- CAVEAT: Contrarian website Zero Hedge considers the Goldman note a trap.
Disclosure: Domain Mondo's publisher and editor have no current nor planned positions in Verisign stock, long or short. As always, note Disclaimer at the bottom of this website page--Caveat Emptor!