Stock buybacks are all the rage this year. According to Bloomberg “Corporations have authorized more than $453 billion in repurchases this year, putting 2011 on track for the third- highest annual total behind 2006 and 2007, data through Nov. 11.”
People ask me whether or not this is a positive or a negative given the fact that buybacks last peaked at the saqme time as the stock market did five years ago. I look at buybacks on a case-by-case basis as an invest0r, anything in the aggregate is too tough. There is an inherent misunderstanding about the fact that there is a such thing as a “good buyback” and a “bad buyback”. I explained this concept a bit here:
Berkshire: Not All Buybacks Are Created Equal (TRB)
Anyway, my pal Tadas has a panoramic post up today about the current buyback-palooza that is a must-read, click over below:
Stock buybacks versus dividends (Abnormal Returns)
… [Trackback]
[…] Information to that Topic: thereformedbroker.com/2011/11/15/abnormal-returns-on-stock-buybacks/ […]
… [Trackback]
[…] There you will find 34309 additional Information to that Topic: thereformedbroker.com/2011/11/15/abnormal-returns-on-stock-buybacks/ […]
… [Trackback]
[…] Information on that Topic: thereformedbroker.com/2011/11/15/abnormal-returns-on-stock-buybacks/ […]
… [Trackback]
[…] Read More Info here to that Topic: thereformedbroker.com/2011/11/15/abnormal-returns-on-stock-buybacks/ […]
… [Trackback]
[…] Find More on that Topic: thereformedbroker.com/2011/11/15/abnormal-returns-on-stock-buybacks/ […]
… [Trackback]
[…] Information to that Topic: thereformedbroker.com/2011/11/15/abnormal-returns-on-stock-buybacks/ […]
… [Trackback]
[…] Read More to that Topic: thereformedbroker.com/2011/11/15/abnormal-returns-on-stock-buybacks/ […]