In Yahoo, Another Example of the Buyback Mirage - The New York Times - 0 views
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It is one of the great investment conundrums of our time: Why do so many stockholders cheer when a company announces that it’s buying back shares?
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Stated simply, repurchase programs can be hazardous to a company’s long-term financial health and often signal a management that has run out of better ways to invest in the business.
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given the enormous popularity of buybacks nowadays, those that are harmful probably outnumber the beneficial.
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