Originally Posted by Carl Spackler

It may not always be the smartest way (witness the Delta stock buyback under Leo Mullin?) before bankruptcy. But it is a stock buyback's only purpose.


You don't know me Tsquare. We've never met or spoken. Moving the needle is an undefined term. Stock buy backs provide a floor for common stock to ensure stock options stay above the strike price when the lock ups are over. That benefit is mostly received by executives.

Carl