Quote:
Originally Posted by Tyrone Slothrop
If you're right, then buybacks are always a bad idea. But you're not right. Some companies have a lot of cash, and don't see good ways to invest it. How much cash is Apple sitting on? Why would it be wrong for Apple to buy them back?
OK, we agree that at least some buybacks are a bad idea. It just seems to me that they can be legit too.
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I agree. That’s why I suggested limiting them rather than rolling back to the 70s when they were illegal.
