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Roger J. Grabowski, Managing Director with Duff & Phelps and a fellow at the Duff & Phelps Institute, recently shared his insights on Fortune on the implications of slowing stock buybacks on the stock market.
An extract from the Fortune article:
Buybacks have become a standard way for companies to invest extra capital. "During periods when stock prices are going up, companies have to make a decision: Do they make an acquisition, do they buy back, or do they sit silent for a bit?" said Roger Grabowski, fellow at the Duff & Phelps Institute. After the volatile final quarter in 2018, "I think the first quarter [of 2019] they just decided to sit on the cash and see where pricing is going to go," he said.
Read the full article here.