So far in 2010, U.S. companies have announced stock buybacks totaling more than five times as much as they had at this time last year. But evidence suggests that such buybacks a more likely to be money losing propositions — except for the CEOs whose bonuses they artificially inflate.
Continue reading Why Stock Buybacks Are a Waste of Shareholder Resources
Why Stock Buybacks Are a Waste of Shareholder Resources originally appeared on DailyFinance on Thu, 07 Oct 2010 12:20:00.
Filed Under: Columns, Investing, Hewlett-Packard, Dell, IBM, Microsoft, Pepsico