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If a company is buying back their stock it's because they've got too much cash and don't want to put it in the bank.
Sumo-
I see your point and agree somewhat. In the case of local real estate (Canada), the prices have gone out of control. I was wrong making a blanket statement across the board regarding all companies. I am referring to companies that deal in construction that are supplying a vulnerable sector. I'm not familiar with everyone but I do know that buy backs started in February with the one that I'm tracking. I'm waiting for unemployment to pickup as demand dies down anticipating acceleration to the downside. I don't think that tariff wars will benefit the global economy and am taking steps to minimize the effects to my finances. Commercial real estate in particular has fallen off a cliff and I'm following the path that leads back to whoever is on that train to capitalize on this.
skrtluv
I've got a new strategy, look for companies running out of cash buying back their own stock and short when they are over leveraged