[matwood]

> Buybacks are just dividends with better tax implications that somehow make people angry.

Yeah, buybacks are the new boogieman. Let me decide when to take the tax hit on an investment and not be forced.

[disgruntledphd2]

Ok so I prefer dividends as I think that they encourage better behavior on the part of both investors and companies.

I think that buybacks definitely create a massive conflict of interest for C levels remunerated based on share price or EPS, and I dislike that I must sell to realize any gains. But perhaps this is a niche position .