Aswath is professor at Stern B-School and is somewhat of a valuation guru with a baker’s dozen books on Amazon. I didn’t know he was blogging but was delighted to see his recent series on stock buybacks. Longtime readers know I much prefer the Net Payout Yield formula to dividends. First two posts in the series from Musings on Markets:
Stock Buybacks: What is happening and Why?
Buybacks and Stock Prices: Good or Bad News?
Part III – Will post when updated.