How to Find Companies That Are Making Good Buybacks

Not all company buybacks are good!

A picture of a Bonsai with leaves made of dollar bills inside the picture is infinity, muted light, Botanical Atmospheric phenomenon, artistic photography, muted colors, conceptual, Kodachrome. Made with Stable Diffusion.

I use to buy into the idea that any sort of share buyback increases shareholder value until I saw the disaster that unfolded with Bed, Bath and Beyond.

They bought back shares but didn't have enough cash to operate with. Basically, they announced a share buyback as a marketing ploy to get more…