[__blockcipher__]

No, you want a share price as low as possible for share buybacks. As long as the price doesn't get bloated the waters are clear.

[Remember, the objective of stock buybacks is to buy back shares on the open market and retire them, increasing the % ownership of each shareholder (and thereby the intrinsic value of the security) correspondingly].

[[Or you can view it as the company holding the shares for the shareholders, mathematically it's the same]]