Buybacks - So true, seems like every CEO always thinks their shares are "undervalued" and wants to do a buyback. But that's spending other people's money. I'm always more impressed when a CEO risks his own after-tax dollars to buy shares personally in the open market. That way he suffers a personal loss if he's wrong. Otherwise, it's too often like a politician spending taxpayers' money on some scheme; he suffers no loss if he's wrong.
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