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Locations
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Quotes

Document Information

Type: Financial research report / equity strategy report
File Size: 2.55 MB
Summary

This document is page 9 of a 'Bank of America Merrill Lynch' equity strategy report dated January 29, 2017. It analyzes financial trends regarding corporate cash repatriation, buybacks, and dividends, comparing current market conditions to the 2004-2006 period. The document bears a 'HOUSE_OVERSIGHT_023077' Bates stamp, indicating it was part of a production for the House Oversight Committee, likely related to financial investigations.

Timeline (2 events)

2004
Passage of the HIA (Homeland Investment Act)
USA
2017-01-29
Publication of Equity Strategy Focus Point report
N/A

Key Quotes (4)

"No alpha from repatriation and multiples actually compressed"
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Quote #1
"Post-repatriation cash use: will this time be different?"
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Quote #2
"According to BofAML's latest Global Fund Manager Survey, 60% of investors want companies to increase capex spending, vs. 17% who want companies to return cash to shareholders"
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Quote #3
"Companies may also return the cash to shareholders by issuing a one-time special dividend"
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Quote #4

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