|
|
|
|
|
|
by MikeCapone
5625 days ago
|
|
|
You seem to be implying that share buybacks aren't a legitimate or ethical way to use a company's funds. Imagine that there are 3 partners each owning a 1/3 interest in a firm. If the firm decides to buy out one of the partners with company money, and that the partner agrees to this, this leave the other two with a 50% interest in the company. Nothing wrong with that at all and nobody has been forced to do anything it doesn't want. It's not artificial, the stock prices are higher because each share is now a bigger piece of the comapny. |
|
|