By Malcolm Stacey | Thursday 16 June 2022
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Hello Share Followers. In spite of that we’re supposed by some to be nearing a recession, it’s strange how many companies are buying back their own shares. This is a way of giving back to shareholders, and you wouldn't do that if you feared a slump. We know that the big oilers are repurchasing, but I notice that giant caterer Compass Group (CPG) is doing the same thing. And it’s clawing back in big quantities, too. The buy-back programme will probably continue till 28th September.
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