Buy-backsStrategy behind buy-back is to reduces number of shares, therefore increase value of each share. But buy-back tactic should, in theory, be to benefit all shareholders by getting shares at lowest possible price, no? So result of well managed buy-back should NOT be immediate price rise, contrary to the "too little, too late" post.
But what might explain increased volume of buy-backs noted by Cabbie? Following above logic, it could be anticipation that price will rise in short term, therefore tactics would dictate getting shares before the rise. Maybe rise going into next quarterly report expected?
All this is speculation. Comments from anybody who actually knows how this works appreciated.
Gormless