Originally Posted by
gloopy
Exactly. Mission accomplished.
The purpose of lighting that money on fire was not to spend it in the best possible way, but to get rid of it in a way that benefitted those lighting it on fire ...
Certainly not defending the stock buy back, but...
If I buy a house and pay cash.....did I light that money on fire, or did I exchange it for something of value?
It can always be argued whether or not the "purchase price" was fair or not(time will tell), but to use the term 'Light on fire" is a bit over the top
You make it sound like they just dumped the money in the river....not sure that's even close to what transpired