US Companies are Buying Up Record Amounts of Their Own Shares
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It's the stock market equivalent of a self-help pep talk. Believe in yourself, buy yourself.
It's called the share buyback, and it's also an increasingly popular tactic among companies as stock markets wobble, new Goldman Sachs data suggests. A record run is underway of firms hoping to capitalize on their own belief that they're undervalued.
Source Fool.com
