By joniferdingcong. Originally published at ValueWalk.
In the last 12 months S&P 500 companies have repurchased $517 billon of their own stocks. Simply put the process of share buybacks destroys value in most of the cases, not always.
We discuss how much do companies spend on buying back their own stocks and how does that affect their book value.
[buffet]
The post CORPORATE BUYBACKS DESTROY SHAREHOLDER VALUE appeared first on ValueWalk.
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