the.com/share buybacks
a company betting on itself, using its own money to shrink the room and enlarge everyone left in it.
means a corporation repurchases its own outstanding stock, reducing share count so remaining shares represent a bigger slice of the pie.
from banned in the us until 1982, when sec rule 10b-18 gave companies a legal safe harbor to buy back their own shares without being accused of manipulating the price.
pre-1982 statuswidely treated as illegal stock manipulation
apple alonehas repurchased over 600 billion dollars in stock
vs dividendsbuybacks avoid immediate taxes for shareholders
eps effectboosts earnings per share without earning more