Lory it makes no commercial sense to buy stock back..... This...

Lory it makes no commercial sense to buy stock back..... This announcement is about trying to support a falling share price. If the stock price keeps falling LNC may throw $50 million to support the price is what the announcement means. When the board has nothing else to do and no business to run you'd expect this sort of response as the market will dictated the price on achievement not on some daily intervention of support from LNC. LNC and the CEO would be far better focusing on meeting key targets and promises. Bhp bought back 10 million shares above $43 some months back the share price is well below this figure.Bhp in fact called for a tender and repurchase a set amount. Todays announcement has no terms it's just an announcement to say " we may buy up to $25 million shares over a period of time it's a long way from saying we will buy 25 million shares by tender? That's why I called this a Claytons Buy back. PB is nobodys fool and will not place the company in a cash poor situation. This announcement is playing poker with the market and it places LNC in the category as a highly speculative stock and in a direction contrary to where this company was heading only 6 months ago...... PB has become obsessed with the share price and sadly not obsessed with driving outcomes or reporting them to shareholders.