Originally Posted by
scambo1
While a stock buy back may be psychological, it isn't smart. However, if the goal is to flush money down the toilet to avoid some sort of bone picking leveraged takeover it might make some element of sense.
I hold 30k shares of DAL. I still don't think it is smart.
You hold $1.4 million worth of Delta stock? If I had $1.4 million, I wouldn't have it in 1 stock. Even if I had $20 million, I wouldn't put $1.4 million in 1 stock. I guess that's why I'm poor.