Barron's: Companies Are Becoming Less Interested in Stock Buybacks. Here’s Why.
Read the full article on Barron's.
Excerpt:
Fewer companies are planning on buying back their shares as the uncertain economic environment has left firms eager to hold on to their cash.
With the latest earnings season mostly wrapped up, just under 150 companies globally have announced buyback plans while reporting third-quarter results, according to research firm Wall Street Horizon, which looked at 10,000 companies. That’s below over 150 announcements in the second-quarter earnings season.
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