What do you make of a company that announces restructuring moves that include possible job cuts while it buys back shares?
For starters, if a company whose stock you own continues to boost (or mitigate the decline of) earnings per share (EPS) by buying back shares, while not increasing sales, chances are the buybacks aren’t helping. The stock has probably been declining in value, and EPS may not be growing. Maybe the buybacks aren’t reducing the diluted share count by much because so many new shares are being handed to executives.
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