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Buybacks: The Fastest Way to Burn Money

Buybacks: The Fastest Way to Burn Money

JPMorgan Chase repurchased billions of dollars of its own stock in the middle of last year. That didn't turn out so wise, as shares fell more than 25% later in the year. The company had largely exhausted its authorized share repurchase program after shares bottomed, and couldn't take advantage of its bargain stock price. The bigger picture: JPMorgan’s only the most recent high-profile example. more »

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