The Hammer

Why Stock Buybacks Are Not Always a Good Thing

Problem with buybacks is usually buybacks are done at absurd stock prices, not when the cos stock is undervalued. Buybacks are used to cover up for excessive--dilutive stock option awards.
many examples of executives putting their self interest ahead of shareholders. In many cases these thieves borrow large sums and go into debt to buyback stock. The worse example of all.