By Alvin Alexander. Last updated: March 25, 2015
From a Yahoo Finance story that I can’t link to because they wanted me to use their app: “Stock buybacks are viewed as a benefit to company shareholders and can be an indicator of company confidence. When shares are repurchased, the number of outstanding shares is reduced, meaning the relative ownership of each investor increases.”
I bought a bunch of Apple stock a few years ago when they announced that they’d be buying back a lot of their stock, and that has worked out very well.
