mooncoyotemom
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- Name: mooncoyotemom
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economics knowledge
Not an expert, but it seems to me when a company buys back stock they have also reduced their obligation to distribute profits to the investing public who otherwise could have owned this stock. Thus increasing their own net worth while driving up the stock value.On Oil companies' continued record profits tick off Democrats, consumers posted 1 year, 3 months ago 7 Responses