Buyback program will help on stock price value Hathaway said there are a dwindling number of generalist investors hunting for value in the mining industry, but that means they could easily move the needle if the investment climate improves. Companies with free cash should use it to buy back stock, Hathaway advised.
“It will not take a lot of new investment flows at the same time the companies are buying back stock to generate very satisfactory returns on capital,” he said.