2mo ago

Google says will buy back $70 bln in shares, posts earnings beat | Reuters

reuters.com

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Keep in mind stock buybacks used to be illegal, given the perverse incentives they create.
- They are certainly manipulative (in the short term).
Is buying back shares the little guy winning?
- Buying back shares is Alphabet judging their own stock to be undervalued. Nobody knows whether that prediction is going to be correct or not. The "little guy" either does not care about this or joins the gamble.
  
  So google stock is buying the dip like “the man” signaled to “his guys”
What is your valuation of Alphabet?

7 comments