Washington Post columnist Allan Sloan says Boeing hasn't just parceled out profit to shareholders. The company "sent it out with a fire hose."
The aircraft maker is also a space and defense company, "a huge provider of government services," one expert says.
There are several reasons for the frenzy.
Buybacks among S&P 500 companies are projected to hit $1 trillion this year.
Goldman Sachs reported sharply higher profit this week, and yet its shares fell after Goldman said it wouldn’t be buying back stocks in the second quarter. In this respect, Goldman is an outlier. After the corporate tax rate dropped this year, American companies have been using cash to repurchase their own shares in furious fashion. […]
Apple earns only about 1% interest by hoarding its pile of cash reserves. Today, it announced how it would start earning investor love with a stock buyback and dividends.