Not every stock buyback is good - what is the META with you?
There are several stock buybacks recently. Does this mean that we should buy the stocks of these companies that performed stock buybacks? Here is a news extract from CNBC on 19th August 2022: With low-interest rates boosting profits and values, S&P 500 companies bought back a record $881.7 billion of their own stock in 2021, up from $519.8 billion in 2020, according to S&P Global data. A significant percentage comes from a handful of so-called “buyback monsters,” with five companies — Apple , Google parent Alphabet, Facebook parent Meta, Microsoftand Bank of America — making up one-quarter of the dollar value of stock buybacks over the past year. Source: https://www.cnbc.com/2022/08/19/what-stock-buybacks-are-and-how-a-new-tax-affects-your-portfolio.html This is a post from Twitter user "21stCentValue" dated 7 Oct 2022. META - a poorly-executed buyback program. $48B spent in the past year at avg. price of $303. Stock is currently $133. And buyb...