Bye-Bye Buy

Fly Charts: Giving Up on Buybacks and Soccer's Big Slump

From undervaluing Qualcomm to Calpers's sell-high attempt, here are four charts that tell you what you need to know in business today.
Photographer: Pool/Getty Images
QUALCOMM INC
-0.59
At Closing, February 21nd
63.40 USD

Good morning! This is Fly Charts, the daily charts-only newsletter from Gadfly; sign up here. From undervaluing Qualcomm to Calpers's sell-high attempt, here are four charts that tell you what you need to know in business today.

More and Less

More viewers are tuning in to English Premier League games on Sky this season. But gains are flattening, and viewership is way down from 2015-16.

Source: Broadcasters’ Audience Research Board

Note: Figures don't include people who watch games on mobile devices.

Buyback Bust

Buybacks are falling out of style on Wall Street and in the market.

Source: Bloomberg

Struggling

Even though the company is currently struggling, Broadcom's $70-per-share offer undervalues Qualcomm.

Source: Bloomberg

Off Course

Calpers should keep its mixed market-timing results in mind as it approaches a potentially major portfolio shift.

Sources: Bloomberg, author's calculations

And don't miss Sarah Halzack's video on the manifold woes of department stores: "The conventional wisdom is that Amazon.com Inc. and other e-commerce businesses have been hammering them into irrelevance. But, in fact, department stores' problems are much wider-ranging and harder to solve."

This column does not necessarily reflect the opinion of Bloomberg LP and its owners.

    To contact the author of this story:
    Max Nisen in New York at mnisen@bloomberg.net

    To contact the editor responsible for this story:
    Mark Gongloff at mgongloff1@bloomberg.net

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