It is a bullish sign when a company buys its own shares!
Dear Partner-Investor. Shareholders and investors of two blue-chip companies received good news on Monday, July 9, 2007, which has potentially bullish consequences in the long term. First, Johnson & Johnson announced the buyback of up to $ 10 billion of its common shares. Then ConocoPhillips announced the buyback of a $ 15 billion share buyback…