Originally Posted by
AUP09
You (and many others) say the buybacks were a waste and the money should have spent elsewhere (like paying down debt, and securing the retirement fund). I'm saying that would not have happened. Buyback or no buyback the money would have only gone to shareholders through some method.
I agree with the sentiment but not the manner. Reducing debt literally increases shareholder equity, buying back stock concentrates equity but doesn't increase it.