If nothing else this should help out the Apple employees who own boatloads of Apple shares. Will help out a more than a few freepers too who like Apple products and own Apple
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.
This is just going to result in selling by the big players in the market.
Stock buybacks are a terribly inefficient use of the cash in the company.
A dividend, whether special (one-time) or an ongoing dividend is a much more efficient use of cash to reward shareholders. What it requires, however, is crushing the 90’s-era mentality of the management and directors of a tech company and admitting that the go-go-growth days are coming to a close.
ping
When I think of a Stock Buyback, I see the board of directors wanting even more control over the company. Especially if you don’t want to answer to the stockholders over your decisions.