02-24-2014, 08:39 AM
"All that stock buybacks do is put in the market timing game"
It would seem to me that most companies should routinely buy their own shares when they are trading at a steep discount to inherent value and that they should be issuing shares whenever their stock is over priced. Problem is, most of the time companies appear to do just the opposite.
It would seem to me that most companies should routinely buy their own shares when they are trading at a steep discount to inherent value and that they should be issuing shares whenever their stock is over priced. Problem is, most of the time companies appear to do just the opposite.
Alex