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Then why are companies buying back at record highs? Surely they are not dumber than Joe the Investor on Main Street.
by papito 7y ago
Then why are companies buying back at record highs? Surely they are not dumber than Joe the Investor on Main Street.
- Mikeb85 7y agoLow interest rates as well as high cash levels. The whole point of markets is to raise cash then pay it off. Not to tank the price and rip off investors. Also, buying back shares keeps stock prices high, makes each outstanding share worth more (less dilution), so more value for the remaining owners.