Buybacks are good but I often find them to be misused money. Instead of creating new jobs and growing business, boards of directors allocate the extra capital to fill their own pockets (through increasing share prices). You can trade buybacks, though. It's a profitable trading strategy if you can recognise them.
Buybacks are good but I often find them to be misused money. Instead of creating new jobs and growing business, boards of directors allocate the extra capital to fill their own pockets (through increasing share prices). You can trade buybacks, though. It's a profitable trading strategy if you can recognise them.
I do agree with this. It's definitely not the be all and end all of an investment case, but it's definitely nice to add it to an investment thesis.