Be Careful What You Hope For – Buy-Back Mountain

We noted yesterday the apparent perfect (ill)-market-timing of increases in corporate buybacks and nowhere is this more evident than across Europe. The following chart might just make all those activist shareholder mom-and-pops, demanding CEOs ‘use’ their cash hordes, think twice… it appears the CEOs really don’t have better crystal balls than the rest of us…

Chart: Goldman Sachs

Your rating: None Average: 4 (1 vote)