HP CEO defends buyback program, says stock still undervalued

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  • CNBC Television published this video item, entitled “HP CEO defends buyback program, says stock still undervalued” – below is their description.

    In an interview with “Mad Money” host Jim Cramer, HP Inc. CEO Enrique Lores defended the company’s share buyback program despite concerns about the stock’s price.

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    In This Story: Share buyback

    A share buyback or share repurchase is the re-acquisition by a company of its own shares. It represents a way of returning money to shareholders, in addition to dividends.

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