AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Benefits of a Buyback Scheme
Hudson Bay gave $360 million to Bed Bath and Beyond in two months. Hudson Bay turns that around into at least 300 million shares of common stock, which is sold into the open market. Research shows insiders sell an average of $500,000 worth of stock per day after a buyback announcement. There are so many institutions like law firms, investment banks, hedge funds, very smart people. They're going to game it. It's their nature. And they do it all perfectly legally through laws and regulatory agencies.