I actually remember an article in Barrons arguing that stock buy backs were mostly a bad idea. It indicated lack of managerial competence and vision, and in the long run, it was good neither for the company nor the stock price.
Alas, I forget the details. Just noteworthy, that this argument came up in Barron's. Joanna ----- Original Message ----- It also increases executive bonuses, which depend on stock prices. From: [email protected] [mailto:[email protected]] On Behalf Of Lakshmi Rhone Sent: Sunday, May 13, 2012 8:29 PM To: [email protected] Subject: [Pen-l] stock buy backs "Uncertainty", compounded by weak returns on marginal investments, is leading to cash hoarding which in turn has created pressure for stock buy backs. Further fiscal austerity will likely exacerbate uncertainty. How does one find data on the levels of stock buy backs? And does the tax structure also reward them? LR _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
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