In the absence of taxes, a buyback is equivilent to a dividend with automatic reinvestment.
It's better as a shareholder in many cases to be able to control when you recognize the gain from the return to investors.
It's better as a shareholder in many cases to be able to control when you recognize the gain from the return to investors.
Too bad, I guess anyone thinking outside the box and pointing out that our herd is going off a cliff is problematic...