Topicus.com looks cheap, as free cash flow has risen 140% over five years while its market cap has fallen over the same span. Revenue is also reaccelerating. x.com 

GE Vernova's buybacks look poorly priced relative to its borrowing cost. At $895, repurchases yield about 2.6% on my 2027 EPS estimate of $23.09 and 3.5% on 2028 earnings, below the 3.8% after-tax cost of debt issued in February. The quarter was strong, but this buyback pace is hard to like. x.com 

Intuit's buyback is shrinking its share count at a fast clip: about $700 million a month, roughly $30 million per trading day. With $7.9 billion available, it will likely re-up the authorization around next May or June. x.com 

AmpliTech's termination of its untapped ATM is a rare capital-allocation signal for a microcap: removing the dilution overhang while the order book grows shows the balance sheet can fund growth on its own. The board also authorized a $10M buyback over 24 months, backed by no debt and record revenue, though killing the ATM matters more than buybacks for a growth company. Having cooled from last month's highs, the stock looks like a great entry. x.com  x.com 

Charter is drowning in debt, and that leverage outweighs its cash-flow appeal. @k3ithmccullough puts Charter at a 25% free-cash-flow yield by 2028. The most bullish point is that capex is expected to come down, but on a quick look the heavy debt load makes the stock look very poor. x.com 

Salesforce's $25 billion accelerated buyback leans on debt in a way that risks leveraging its future, as happened at Fiserv. Fiserv cut its share count 21.5% with debt-funded buybacks averaging $167 a share, and now trades under $60 as growth fell. Salesforce can afford this round with $14 billion of free cash flow, but growth is slowing to single digits, AI isn't yet transforming its ecosystem, and its goodwill-heavy book limits deals. The risk is that multiples compress and it doubles down. … Show more

Bending Spoons is a unique model of buying cheap, forgotten software businesses and cutting costs that could scale past $20B of annual revenue, but it is hard to forecast. The biggest red flag is organic growth slowing from low double digits to low single digits, raising pressure on its debt-fueled acquisition strategy, since layoffs are one-time boosts with large severance costs. Strong net revenue retention may rely on price hikes; churn after two or three years is the key question. x.com  … Show more

Alphabet is no longer the buyback and free-cash-flow machine whose dips you always bought. It has paused buybacks for two quarters, said buybacks and free cash flow will stay under pressure from AI capex, and is borrowing instead, with $20-25 billion of fresh bonds noted by @leomgrahamm. Strong bond demand only shows bondholders are content with yield and seniority; it does not mean a bullish equity outlook. x.com  x.com 

Salesforce keeps falling despite a $25 billion debt-funded buyback, a sign of how loosely private credit lends. It issued $25 billion of senior notes in March to fund an accelerated buyback at $198.34, yet the stock is near $163 and below its 52-week low, while ServiceNow trades 20% above its own. A Barron's downgrade hinted at what people already knew: Marc Benioff is doing nothing to steer the company through the SaaS sell-off. x.com  x.com 

SaaS buybacks are now big enough to shrink share counts, not just offset stock-based compensation, a structural change the market is missing. Per Needham, 10 covered SaaS companies have buybacks over 10% of market cap, and ten more, including monday.com, Zoom, Freshworks and Similarweb, hold net cash above 20% of market cap. DocuSign's buyback alone should lift 2026 FCF per share about 8%. FCF per share is what compounds, and when sentiment turns, multiples expand on a smaller float. x.com