Andy Garcia

Don't Buy Into Share Buybacks

I don't agree with you fully either. You make some good points but what if the company is buying back shares because they know they will come back stronger and with new products, so their share price will increase again? Take intel for example, do you know what they are doing right now? They are investing a large portion in research and development to make electricity flow through the air. Do you know what thats going to do if it gets implemented which i don't see why not in the near future? It could revolutionize the way we use cable, we wouldn't need to plug in anything! A buyback plan right now seems perfectly understandable because they understand that something like this could double, triple or possibly even quadruple their stock. Buying when the market is down seems logical for them and hey did you know? they have a 75% efficiency on it, which means its not far off....