This is the second (out of two) part of Microsoft’s research. In the previous part I covered, as thoroughly as I could, Microsoft’s offerings. Here’s it in case you want to check it out Industry Microsoft belongs to a set of different industries, all of which add to the addressable market the company has.
A lot of the stock buy-back is actually to offset dilution due to share buy-backs. In 2022 SBC was $7.5bn, previous years being $6.1bn, $5.3bn, $4.6bn and in 2018 $3.9bn. Suggesting that this is "returning value to shareholders" is plain wrong. It is enriching insiders at the expense of shareholders by distributing shareholder capital.
Giuliano, thank you for your kind words. Please feel free to share the article with others who may benefit from a better understanding of the great SBC scandal.
A lot of the stock buy-back is actually to offset dilution due to share buy-backs. In 2022 SBC was $7.5bn, previous years being $6.1bn, $5.3bn, $4.6bn and in 2018 $3.9bn. Suggesting that this is "returning value to shareholders" is plain wrong. It is enriching insiders at the expense of shareholders by distributing shareholder capital.
Take a look at this: https://rockandturner.substack.com/p/a-free-lunch-no-such-thing . It will shock, amaze and and disgust you in equal measure.
Investors need to be aware of what is going on here. Microsoft is in the middle of one of the biggest financial scandals of modern times.
Very accurate observation James, thank you for the correction. Great and very thorough analysis on SBC, thanks for sharing it!
Giuliano, thank you for your kind words. Please feel free to share the article with others who may benefit from a better understanding of the great SBC scandal.