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Full Version: The Illusion Behind Stock Buybacks—-A Simple Test
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Contra Corner

The Illusion Behind Stock Buybacks—-A Simple Test

By Gretchen Morgenson  A trader at the New York Stock Exchange in June. As shares have climbed, so have the prices companies pay to buy back their stock. Credit: Lucas Jackson/Reuters Stock investors have had one sweet summer so far watching the markets edge higher. With the Standard & Poor’s 500-stock index at record highs and…


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