Originally Posted by
Professor
Once more, your rhetorical take users monocular vision to portray the problem.
Now you're arguing with yourself given your own statements below:
Originally Posted by
Professor
Yes, buybacks enhance positions held by DAL executives.
Glad you've finally gotten the facts.
Originally Posted by
Professor
But as a PUBLICLY held concern the mission of the Delta BoD is to return value to their shareholders. Buybacks do this two ways. It gives some shareholders payouts and decreases the number of shares thereby increasing individual stock share prices. But you know this.
Incorrect. Share buybacks DO NOT "give some shareholders payouts." You're confusing that with dividends. Also, there's plenty of examples where a stock buy back program's decreasing of shares outstanding DID NOT result in increasing individual stock share prices.
If you're concerned with increasing shareholder value, you issue a special DIVIDEND or increase current DIVIDENDS. You don't do a share buy back.
Originally Posted by
Professor
So to say that a stock buyback program is wholly a ploy by management is misleading.
I didn't say it was a ploy. I said it's a tool used by management to try and put floor on the stock price. That's done primarily to ensure profitable executive options.
Carl