It does seem absurd to borrow to buy your stock, but I think that most mgmts are leery of being in the position where you have lots of cash, low debt to a point because with a small slowdown in business your stock can sink leaving you vulnerable to a takeover in which someone ultimately uses your own cash to eventually fund the takeover process. Ultimately though, I agree, at this moment having the cash on hand would be helpful and when the stock picks up a bit, they should be able to reissue some shares to raise some money if needed. Heck, Berkshire Hathaway just bought in, so there is some support for what the plan going forward is. Best to all of us!