homeWelcome, sign in or click here to subscribe.login
     


 

 

Business


Subscriber content preview

February 10, 2016

Corporations lose billions buying their own stock

  • Companies may be good at finding oil or selling products, but they aren't always smart investors.
    • By BERNARD CONDON
    AP Business Writer

    NEW YORK — If you think your stocks are doing poorly, check out the performance of some of the most sophisticated investors, the ones with more knowledge about what's going on inside businesses than anyone else: Companies that buy their own shares.

    The companies losing money on these bets are down a collective $126 billion over the past three years, a decline of 15 percent.


     
    . . .


    To read this story in full login or purchase a subscription.



    
    Email or user name:
    Password:
     
    Forgot password? Click here.