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CFOs are good market timers. Is {that a} unhealthy factor?

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There’s no motive long-term buyers ought to be skeptical of firms which can be closely repurchasing their shares.

That’s as a result of these companies, on common, truly do an honest job of repurchasing extra of their shares when their shares are undervalued, in keeping with a brand new examine. Opposite to the widespread narrative that these firms are mortgaging the long-term for a short-term worth acquire, they as a rule are literally boosting their long-term worth.

The…

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