IBM - 2 Cheap Stocks With High Shareholder Yields
Stock buybacks have become popular in the past two decades, but historically tend to happen the most at cyclical tops when stocks are expensive:
Chart Source: Yardeni Research
Despite a lot of controversy recently, there's nothing wrong in principle with stock buybacks, especially when boards of cheap stocks are the ones doing the buybacks. Stock buybacks are a more flexible and tax-efficient way to return cash to shareholders than dividends, and compliment dividends very well as part of a stock's overall shareholder yield.
Imagine if ten people start a private business and each own 1/10th