Shares of General Dynamics, Lockheed Martin, and Northrop Grumman each fell about 2 percent Wednesday after Demented Don banned by decree buybacks and dividends, CNBC reports.
“All United State Defense Contractors, and the Defense Industry as a whole, BEWARE: While we make the best Military Equipment in the World (No other Country is even close!), Defense Contractors are currently issuing massive Dividends to their Shareholders and massive Stock Buybacks, at the expense and detriment of investing in Plants and Equipment. This situation will no longer be allowed or tolerated! Also, Executive Pay Packages in the Defense Industry are exorbitant and unjustifiable” and blah blah blah, the fat communist wrote on his lame Twitter clone.