Faculty News
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Prof. Aswath Damodaran discusses stock buybacks
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![Marketplace Logo Marketplace Logo](/sites/default/files/styles/192w_x_144h/public/assets/images/marketplace_logo.jpg?h=cd55d432&itok=0VEMzyEN)
Excerpt from Marketplace -- "When [Damodaran] looks at the biggest companies buying back the most stock—companies like Microsoft, Hewlett Packard, IBM—he sees a pattern. 'I mean you look at that list,' he says, 'and every single one of them, you look at the last decade, have a history of destroying value— of investing in things where they have nothing to show for it 5 years out, 10 years out. I look at that list, and I say: Thank God for buybacks.'"
Faculty News
—
![Marketplace Logo Marketplace Logo](/sites/default/files/styles/192w_x_144h/public/assets/images/marketplace_logo.jpg?h=cd55d432&itok=0VEMzyEN)
Excerpt from Marketplace -- "When [Damodaran] looks at the biggest companies buying back the most stock—companies like Microsoft, Hewlett Packard, IBM—he sees a pattern. 'I mean you look at that list,' he says, 'and every single one of them, you look at the last decade, have a history of destroying value— of investing in things where they have nothing to show for it 5 years out, 10 years out. I look at that list, and I say: Thank God for buybacks.'"