Warren Buffett On Share Repurchases: Buy Below Intrinsic ValueRupert Hargreaves
Stock buybacks or share repurchases is one of the most controversial subjects in finance.
Some investors believe that they are a waste of money, and would rather excess company cash be returned via dividends. Other investors like buybacks, but hate dividends.
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Companies have also recently been criticized for using buybacks to enrich investors and managers at the expense of all other stakeholders. The . . .
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