The Asset Magazine

Buybacks draw mixed reaction

The Asset April 2009 by Gita Dhungana

In good times, companies use their cash to invest, acquire and grow their business. In bad times, such as the crisis today – when revenues are under extreme pressure – companies look to minimize costs, including financing costs. For cash-rich companies, it makes sense to buy back debt, which may be trading at a lower price. For cash-starved companies, it may be a last-ditch effort to stay afloat...

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