Be on the look out for companies that buy back their own shares at a high price. A repurchase at high level reduces continuing shareholders’ wealth because per-share intrinsic value decreases. Sometimes management goes for buying back shares at inflated prices just to jack up the share price in the market. Avoid companies that do this. [...] The post Investing Tip #58: Avoid a Company That Buys Back Its Own Shares at a High Price appeared first on The College Investor .