Ann: Westpac announces $3.5 billion off-market share buy-back, page-132

no its not. its for every smsf and retiree and spouses on zero tax. the share price fell because of falling profit margins.people are wrongly linking the buyback to the share price fall. it may have fallen more without the buyback announcement. we can sell into the buyback and buy the sharws back the same day ans get massive tax benefits. $10,000 of dividends gives us $3000 of free-money franking credits. and someone on zero tax can carry the cap loss of $8000 forward forever. thats worth another few bob. its a gift from god