Share buybacksI see WFG increased the share buybacks tremendously once the share price dropped below $110 in mid March.
Last 2 weekends ended with about 120k shares bought per day! That’s over 1% of the entire company!
We won't see April's numbers until May but as the share price has continued it's decline, I am guessing they are buying even more at these levels.
The share price dropping sucks but the share price always moves up and down for macro reasons that the company can't control. All management can do is be efficient with the share buyback program and they have been doing great at that.
I've owned gold companies that bought back shares in the recent couple years at the high point of share price and it just felt like a waste so it's nice to see it being done properly that way at least.