Buyback

RECENT NEWS
Reuters  12 hrs ago  Comment 
* CGI announces specific share repurchase program as part of normal course issuer bid
Benzinga  Dec 1  Comment 
Ambarella Inc (NASDAQ: AMBA) reported Q3 EPS of $1.11, beating the Street’s consensus by $0.17. Revenue of $100.5 million, up 7.8 percent year-over-year, came in $3.2 million ahead of expectations. Management guided for Q4 revenue of...
The Hindu Business Line  Nov 22  Comment 
Navneet Education has fixed the record date for the proposed buyback on November 24. The company plans to buy back up to 46.57 lakh shares at a price of ₹125 a share, payable in cash for an aggregate...
Financial Times  Nov 22  Comment 
Shares in Italian utility trades at a discount to European peers




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See also Capital Allocation.

A buyback, also known as a share repurchase, is when a company uses excess capital in the form of cash or debt to purchase its own shares on the public market, thereby reducing the number of shares outstanding. In doing so, the company's management signals to the marketplace that it believes its stock is under-priced and that a buyback is the best way to allocate the company's resources.

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