This report is about when companies choose to buy back their shares with the thought that the share price will increase with the buy back. I think the right thing to do is to give the money as a dividend instead and let the shareholder decide to purchase more stock if they wish.
"According to the report, out of 380 companies in the S&P 500 that repurchased shares in at least five of the quarters, 84 companies bought shares when the stock price was high, and only 60 firms were able to buy low.
In addition, 72 companies saw poor returns within a year following share repurchases, versus 57 that saw good results."
Yesterday I read an article that stated Apple had $100 Billion in Cash and Securities. This amounted to over $100.00 per share. That would be a heck of a dividend.
