We prefer dividends, investment in R&D and M&A programs to share repurchases. However, for those companies that include share repurchases as part of their capital allocation strategy, today would be a good day to exercise a portion of that repurchase authorization. Markets hate uncertainty. Markets like it when companies and insiders step-up and buy their own stock. Better for companies and insiders to buy now and look smart later than to have executed buybacks at the lofty multiples of several months ago.
TEK2day
Operating at the Intersection of Technology and the Capital Markets
