GIULIETTA TALEVI: Buy high, sell low
Companies are buying back shares at a time when prices in the US are at record levels
13 May 2021 - 08:30
Just when you thought you had the “buy low, sell high” adage down pat, this happens.
Companies – largely in the US but also in Europe – are preparing, writes the Financial Times (FT), “to launch a record wave of share buybacks as executives get comfortable with spending excess cash following a blockbuster earnings season and greater clarity on the trajectory of the world economy”...
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