I’ve thought a lot about stock buyback programs, and one thing ya hafta say about them is that they are obviously the direct opposite of selling stock in your corporation - which is what you do when you are starting up. Isn’t it an admission that they don’t know how to invest the money in their business?IMHO I would rather see them declare a bigger dividend.
Apple has about 125 billion in the bank
“Isn’t it an admission that they don’t know how to invest the money in their business?”
That’s what I’ve been taught in school. And the rationale you use makes sense.
Maybe it’s best to look to the short side on any rallies.