In a recent research report by Thomson Reuters they note that a company's stock buyback activity generally does not add value subsequent to the buyback. A reason cited is the fact companies generally have more cash on hand in good economic environments and this tends to be after the stock price has already reflected a more positive operating environment. The report concluded:...
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Stock Buybacks Do Not Benefit Future Stock Performance
Posted, by DisciplinedInvesting on February 4th, 2012
Authored by, DisciplinedInvesting
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