Oh crappers...share buyback is hereWell...I used to think mngmnt here was aligned with shareholders interests....but wasting shareholder $$ on share-buy-backs indicates to me that they just want to juice SP so they are not so far underwater on their $1.80 purchases...and more $$ for their options.
Seems they have no better use of shareholders $$ to build the business, improve profits, increase dividends that would result in a higher SP..let's take a shortcut.
Going back to the Boeing case...over the past 5 years, they spent $10B on dividends and $23B on share-buy-backs.
If you are a shareholder....$23B did SFA for you..unless you sold...but then you are no longer a shareholder.
JMHO