There are instances when the company buys back their stocks when they consider it undervalued, and are preparing for something big. I hope this is the case, and we can see them turn things around.
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There are instances when the company buys back their stocks when they consider it undervalued, and are preparing for something big. I hope this is the case, and we can see them turn things around.
Certainly there are valid reasons for doing it. Mostly it is like a situation with an apple where they have so much money and dont really have anything to spent it upon.
Of course, in this era with the cost of AI development, I am not sure that is the case for anyone who wants to be in business going forward. This does depend upon the industry but technology companies are taking over.