Love Stock Buybacks? These 3 Companies Could Repurchase a Ton of Their Own Shares
When companies have cash to spare, they can reward shareholders by repurchasing their stock. Shares represent small ownership stakes in the underlying business, similar to how slices of pizza make up a whole pie. And when shares are repurchased and retired, it's like a pizza being cut into fewer slices. It makes each remaining share represent a bigger part of the whole pie and, therefore, it's more valuable. It's why buybacks can be a big deal.
With this in mind, fintech company Olo (NYSE: OLO), premium movie-theater chain Imax (NYSE: IMAX), and luxury-furniture retailer RH (NYSE: RH) have share-repurchase plans that are truly eye-catching. Here they are, presented from the smallest plan to the largest.
Olo provides order-digitization services to restaurants and has become a clear leader in the space. It seems like all of the big restaurant chains are Olo customers, and it's why this growth stock once commanded a lofty market capitalization of over $6 billion. However, it has recently come back down to a more reasonable market cap of just $1.3 billion.
Source Fool.com
