No real argument here, these buy backs are generally a sheer waste of money, mainly beneficial for the executing broker(s). Longer term, no significant impact on the general sp trajectory. However, short term may be beneficial for those with incentive plans vesting and so on, not for the average retail holder though.
WBC Price at posting:
$26.42 Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)