ALI buying back shares is a good old common sense buy indicator

Ayala started a buy back program today to repurchase around Php3billion worth of ALI's shares. I like to piggy back on behavior like this. When a company buys back its own shares it sends a clear message. First, that in their opinion, their long term outlook is good. Second, that they are willing to put their money where their mouth is.

Of course a devil's advocate will argue that maybe that's exactly what they want investors to think... But if we think that way, we'll go around in circles. I like to keep it simple.

Besides, ALI has been around for a long time and based on their track record, they aren't the type of company to do that kind of thing. But then again even if they did, I'm sure they can wing it and make it work well for the shareholders. :)

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