Why Stock Buybacks Are a Warning Sign for Smart Investors

Last year saw a surge in stock repurchases — companies like ExxonMobil, Walmart and Microsoft bought back shares at record levels. Buybacks can be seen as a cash giveaway to investors, and they boost earnings per share. But th…

Why Stock Buybacks Are a Waste of Shareholder Resources

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 — ex…