Stock Buybacks Speak Volumes

With many stocks trading well below their 12-month highs, finance executives are on the spot. Do they support their “undervalued” stock with an aggressive buyback? Or do they hang on to their cash in case the market is right?

Editor’s Note: this article was written in 2001 and is therefore somewhat topical, but it does provide a good look at a lot of the issues involved in stock buybacks.

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