Your guide to Telstra's Share Buy-Back

Telstra's share buy-back is a sensible way of returning cash, but whether you should participate will depend on your circumstances.

Share buy-backs – especially big ones like Telstra’s – do a lot to stir the pot of public debate. To some they’re a case of Santa come early, showering gifts on shareholders; to others they’re a sign of a company down on its luck, bereft of imagination and opportunities for growth; and to still others, they’re way of making a balance sheet ‘more efficient’ to somehow conjure up additional returns.

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