Buybacks eventually lead to a much higher share price by keeping all the money in the company, see what Warren and Charlie did with Berkshire Hathaway. It is not quiet the same as paying a dividend and then expecting everyone to buy back more of the share, that is theoretical wishful thinking, very very few people will use all their dividend to buy back the company as soon as they get the money, regardless of how undervalued or profitable it is. If done off market it also saves you brokerage fees.
WHC Price at posting:
$7.90 Sentiment: Buy Disclosure: Held
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