Catalyst Funds’ COO Michael Schoonover Authors SeekingAlpha Article on Buyback Strategy

2018 is on track to be a record year for buyback announcements, driven by a strong economy and tax-reform legislation. Companies, including Wells Fargo (WFC) and Valero Energy (VLO), have already announced their intentions to return some of the excess cash to shareholders, with a $22.6 billion and $2.5 billion buyback announcement, respectively. While tax reductions alone position 2018 as a record-setting year, repatriated cash filtering into buybacks significantly increases this probability.