One of the most effective ways to return capital to shareholders is through buybacks, and these companies have been buying back stock like crazy. In one case, the buybacks over the past year amount to over 20% of shares outstanding. Travis Hoium covers why these are such amazing buybacks in the video below.
*Stock prices used were end-of-day prices of Sept. 11, 2024. The video was published on Sept. 11, 2024.
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Travis Hoium has positions in General Motors. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
