At net-debt Oracle, a $75 billion argument that stock buybacks can go too far
December 05, 2019 at 09:27 AM EST
Larry Ellison's Oracle has spent $75 billion on buybacks since fiscal 2016. Oracle is now in a net-debt situation, its credit ratings have weakened, and the competition in the cloud remains fierce. Its stock has trailed both the Nasdaq and S&P 500 tech sector.
