Stock buybacks jump 93% at largest Central Mass. Public companies following tax change

Grant Welker

“In the first half of 2019, Waters Corp., a Milford scientific equipment maker, bought back more than $1.3 billion worth of its own stock: as much as it did from 2014 to 2017 combined.

Since a 2017 federal corporate tax change, Waters hasn’t been alone.

Public companies across the country – as well as others in Central Massachusetts including TJX Cos. and Hologic – have been spending more money than ever buying their own shares, a process dividing economic experts on whether the trend has been a good or bad one.”…

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