[cat199]

> But borrowing to do stock bybacks when you don't have a stockpile is just skating further out onto thinner and thinner ice.

this also partly depends on your expectation on the availability to resell the stocks later on if desired

[SilasX]

If you're creating the cash buffer as a way to stay afloat during hard times, that's a bad strategy, since the market for shares (including yours) will be weak precisely when you need the cash.