Downside?, page-623

Is the following the possible reason for the BB not holding the share price up?
Recall my post about what the Intelligent Investor fund manager mentioned about being disappointed with the dividend paid!

This highlights one of the financial benefits of share repurchases — increased flexibility in returning funds to shareholders. It is widely recognized that decreasing dividend payments is viewed as a sign that a company’s economic outlook is deteriorating and thus companies try to avoid such changes. Because of this view, share repurchases are also preferred to dividend payments since they offer corporate executives more flexibility in the decision-making process — reducing or canceling planned open-market repurchases has a less negative effect than reducing a normal dividend payment.

Thanks for pointing out … simply an oversight…must’ve have been there for quite awhile.