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Why Wal-Mart’s $15 billion stock buyback may not be as great as it seems

Hugh Jackman Wal-Mart shareholders meeting

When Wal-Mart Stores does a thing, it does it big. The stock buy-back it announced at its annual meeting today is no exception, at $15 billion, hot on the heels of an earlier $15-billion repurchase plan.

So it’s probably a good time to remember that stock buybacks generally aren’t the unparalleled good that they can seem at first glance.

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