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You mean stock buybacks? That (and/or paying a dividend) is just what public companies are traditionally expected to do when they have extra cash, (or when the
by kyllo 12y ago
You mean stock buybacks?
That (and/or paying a dividend) is just what public companies are traditionally expected to do when they have extra cash, (or when they can borrow cash very cheaply, as is also the case now). Companies have basically been hoarding cash since the last recession, I think I've read that Fortune 500 companies' cash reserves are the highest they've ever been, so it's good to see that they are returning some of it to their investors now.