Message Font: Serif | Sans-Serif
No. of Recommendations: 5
Why is this different?

One might speculate that the goal isn't really to do all that many buybacks,
since they are unlikely ever to be able to do a meaningful number.
Rather, it does have the effect of herding the stock price a wee bit
closer to fair value. As Mr Buffett has long suggested, the most
appropriate stock price is the one that's closest to fair value, allowing
all shareholders a chance of getting returns that match the performance
of the underlying business during the period of their ownership.
Things were just plain getting out of hand in terms of undervaluation.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.