Merits and Faults of Buybacks
It’s hard to read the WSJ these days without hearing something about buybacks. Exxon absorbing $102 billion, Citigroup spending $8.3 billion and even Coach buying back $1 billion. Stock buybacks or share repurchases are known to have powerful effects in building shareholder wealth. To many, it’s often an overlooked measure of the health of a [...]
