Warren Buffett is a huge advocate of share buybacks as he believes that it can often be the best use of corporate capital. In fact, that is the main reason why Berkshire Hathaway Inc.’s share price can reach a staggering US$315,800 per share (at time of writing)! He also thinks that share buybacks can reveal a thing or two about the management team. A particular excerpt from Warren Buffett in this article stood out: “Many management are just deciding they’re gonna buy X billions over X months. That’s no way to buy things. You buy when selling for less than they are worth. … It’s not a complicated equation to figure out whether it is beneficial or not to repurchase shares.” In other words, he thinks that good management are those who embarked on a buyback spree when the companies are undervalued. With that, let’s check out 3 companies which ......