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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: TFF who wrote (49270)	4/24/2013 10:21:37 AM
From: Blasher	Read Replies (1) \| Respond to of 222100

why are they useless ??

To: TFF who wrote (49270)	4/24/2013 11:02:31 AM
From: GROUND ZERO™	Respond to of 222100

I don't know if those buybacks are really useless, it takes shares off the available market, so it reduces the available supply... GZ

To: TFF who wrote (49270)	4/24/2013 3:58:33 PM
From: Kirk ©	2 Recommendations Read Replies (1) \| Respond to of 222100

That is not true as a general statement AAPL buyback. When will these companies learn that buybacks are the most useless things ever? I added to my PFE position when it corrected back to the dashed green line in 2011. I was HAPPY for the 2012 buybacks.... PFE repurchased $3.4B shares in Q4 for a total of $8.2B repurchased in all of 2012. It is not often stocks soar this much after major buybacks so this was a very good use of cash. by chance are you listening to Cramer? He's clueless quite often. He also says Apple should have bought Netflix but they ALREADY have Netflix... via iTunes.. (just add a sector for subscriptions rather than pay per view) but it probably would have been dilutive. He don't care a damn about value and was only looking for a story to drive the stock higher. Anyway, it is a myth that buybacks are ALWAYS bad. They are bad when done only to offset stock options dilution by insiders who steal value this way that should be paid as a dividend. Of course, many of these insiders feel "entitled" to far better pay than most anyone working for them doing the actual work so it is hard to do anything about... Buybacks are great when the stock is cheap and management knows good times are ahead. It means any demand in the future for when the stock is in favor will be met with a far lower float as the weak hands already sold to the company during the buybacks.