Share buyback machine remains in overdrive and experts warn it will end badly

By Ciara Linnane and Tomi Kilgore

“In the midst of a gloomy earnings season, the share buyback machine has remained in overdrive, and some experts are cautioning it will all end badly.

Companies, even those that are missing profit and sales estimates and cutting outlooks, or restructuring and cutting jobs, are still announcing buybacks. Coming after a long period of intensive spending on shareholder returns, the news is bad for investors hoping to see a return to growth.”…

[Click HERE to read the full article]