#57: Asif Suria On The Virtues Of Event-Driven Investing
Superinvestors and the Art of Worldly Wisdom
Companies with Insider Buying and Buybacks: Aligned Interests
Buybacks are a strategy used by companies to indicate that their stock is undervalued and that they want to buy it back. This can be a good sign if insiders are also buying stock with their own money. It is important to evaluate both the company's buyback announcement and the actions of insiders to determine if it is a smart investment. Double-dippers are companies where both insiders and management have decided to buy back stock, indicating aligned interests. However, it is also important to consider the larger capital allocation decision and whether a company is using excess cash flow or taking on debt for buybacks.
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