There is only one combination of facts that makes it advisable for a company to repurchase its shares: First, the company has available funds -- cash plus sensible borrowing capacity -- beyond the near-term needs of the business and, second, finds its stock selling in the market below its intrinsic value, conservatively-calculated.
© 2021 Steady Compounding - By Thomas Chua
© 2021 Steady Compounding - By Thomas Chua