Party City Stores to Close by February, Company Says
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In an internal letter, the company said inflation and changes in consumer
spending had forced it to shut its more than 700 stores.
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QUALITY MATTERS, NEVER Ever buy back trash, junk or rubbish in ABUNDANCE ! ... One other thing - executives use buybacks to offset compensation, they issue themselves shares or options, and then get the board to approve a stock buyback to counter the effect of dilution. If you're asking yourself "wait, so buybacks can be used as a tool to transfer shareholder money to the executives?" then you've got it figured out, that's exactly what they can be used for. And they often are.
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