the_Bird

My Reconsideration: Why Share Buybacks Are Pointless

Buybacks are used far too often to mask the effect of making large, dillutive grants of stock and stock options. As a shareholder, I'd much rather have the cash in my pocket via a dividend, though; XOM as an example, *should* be yielding 4% - 5%, not 2%. Hell with the theoretically-higher EPS because you did a buyback; I'd rather just have the cash.