Stock Buybacks All Over the News--But What Are They?

Stock Buybacks All Over the News--But What Are They?

0 0 about 1 year ago
What is a stock buyback? It’s a common way for companies to prop up their stock prices and create wealth for shareholders. The company uses cash on hand to buy its own stock on the open market, thus propping up the price regardless of what the economy is doing. But is that necessarily a good thing? Couldn’t the money be put to better use if it’s spent on innovation or on workers? Dr. Jack Rasmus, a professor of economics at Saint Mary's College of California and author of “Central Bankers ... See More

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