BUYBACKS are back, and portfolio managers are taking notice.
Companies have been repurchasing their own shares at record levels, and the trend shows no sign of letting up. In the first half of this year, share buybacks reached $163 billion, according to Standard & Poor's, up 91 percent from the first six months of 2004. Howard Silverblatt, an equity market analyst at S.& P., estimates that they will surpass $300 billion for the year. That would be well above the $197 billion for all of 2004.
http://www.nytimes.com/2005/10/02/business/yourmoney/02buyback.html
Companies have been repurchasing their own shares at record levels, and the trend shows no sign of letting up. In the first half of this year, share buybacks reached $163 billion, according to Standard & Poor's, up 91 percent from the first six months of 2004. Howard Silverblatt, an equity market analyst at S.& P., estimates that they will surpass $300 billion for the year. That would be well above the $197 billion for all of 2004.
http://www.nytimes.com/2005/10/02/business/yourmoney/02buyback.html
