Comment by lr4444lr

I've asked numerous friends who work in finance and do graduate studies in econ. for their perspective on buybacks, and they truly don't understand why the lay press has become so obsessed with the maneuver as a moral evil. Yeah, it can temporarily juice a stock's price, but other major players in the market and board members at the corporation in question aren't as stupid about short term gain as we've been led to believe by these journalist jeremiads. If a company wants to unleash its pent up capital into more efficient allocations of the economy, i.e. the companies that will grow and invest in workers, and the sellers on the other end of the buyback want to trigger capital gains taxes, by all means let them do it. Let's not leave out that other side of the equation in a rational discussion.