Bill Ackman asks Warren Buffett a question about stock buybacks when valuations are high
An interesting question asked to Warren Buffett about Coca Cola share buyback at 40 PE.
Though I am not sure that TCS doing a buy back at that price is right or wrong.
But this is their 5th buy back since 2017, it is a really cash rich company, pays handsome dividends, 13% Stock Price CAGR for 10 years along with 3% dividend yield.
The entire IT sector is going through challenging times but then that’s nothing new, every sector goes through turmoil and I feel it is such an amazing company to hold on to.
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