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Barry Ritholtz: Share Buybacks Work Better In Theory Than In Practice

FYI: The Corporate Finance Institute says stocks buybacks are a “win-win situation for both companies and shareholders.” Some members of the CFA Institute, which publishes the Financial Analysts Journal, take a different view: "favorable regulatory and tax treatment of buybacks is misguided and should be reformed.”
Regards,
Ted
https://www.bloomberg.com/view/articles/2018-03-12/share-buybacks-work-better-in-theory-than-in-practice
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