2 Stocks Crushing It With Share Buybacks
Share buybacks are an alternative to dividends for returning value to shareholders. They can be a hugely valuable tool. AutoZone (NYSE: AZO) and General Motors (NYSE: GM) are two companies that have absolutely crushed it with share buybacks.
Unless you're familiar with AutoZone as a company and a stock, it might seem a little backward to you. After all, what's bad for your average car owner is actually good for AutoZone and its shareholders. When consumers have a car problem, they can buy the parts and fix it themselves, or let AutoZone determine the issue; either way, for AutoZone, it's a win. It's why the company has often been lauded as a recession-proof stock -- consumers need their cars working, period.
But beyond its consistent financial results and nearly recession-proof business model, the company has gobbled up tons of its own shares, and only one look at the graph below suggests how much impact it's had over time.
Source Fool.com
General Motors Corp Stock
Currently there is a rather positive sentiment for General Motors Corp with 40 Buy predictions and 9 Sell predictions.
On the other hand, the target price of 65 € is below the current price of 69.58 € for General Motors Corp, so the potential is actually -6.58%.
