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In response to
"isn't s buyback typically done when the company feels they are undervalued? -- nm"
by
Beaker
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It’s a defensive move to shore up their share price instead of investing in growth. -- (edited)
Posted by
znufrii
Mar 9 '22, 14:25
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Because they don’t see sufficient potential returns on the latter to meet investor expectations. I’m not saying it’s necessarily a good or bad thing, but it’s an important evolutionary inflection point in their business cycle.
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