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Wednesday, April 7, 2010
Considering the above situation it seems that this buyback tool has been used by the companies to incite positive movement in the scrip. It would also be pertinent to check if these companies had that kind of cash balance to finance their buyback plans, especially since the money markets during that phase were really tight. Surely, none of the companies wanted to dip into their cash reserves to indulge in buybacks?
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