Stock Buybacks? Opinions?
Thinking out loud:
While I do not pretend to have any level of sophistication when it comes to the stock market -- or anything else for that matter -- I do have a limited knowledge and I know what I like. (Although -- I do remember seeing the housing crisis coming, long before it hit. Instinct? Gut? Remembering my hard lesson from the tech bubble in the 90s? Whatever?)
Mere bumpkin though I may be, I have to say that stock buybacks lately are bothering me.
I think a surge of buybacks can create an artificiality in the market. I would much rather have solid, increasing dividends, underpinned by actual earnings and reasonable payout ratios. (Yes. I am boring.)
But what do I know. (sigh)
Meanwhile, I will continue to tend the moat, maintain the buffer zone, while I wait for the inevitable.
Any thoughts out there on buybacks, etc.?
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