Description: It is one of the great investment conundrums of our time: Why do so many stockholders cheer when a company announces that it’s buying back shares?

Source: NYTimes.com

Date: Mar 25, 2016

Link: http://www.nytimes.com/2016/03/27/business/in-yahoo-another-example-of-the-buyback-mirage.html?ref=business&_r=0

Questions for discussion:

• What is the buyback mirage warning all about?
• How should investors weigh firms that choose to take this approach?