RE:Oh crappers...share buyback is hereYou are really searching for a reason to claim the company is not shareholder friendly by claiming a share buyback hurts shareholders and the business, especially at the stock price at these levels. The fact is that free cash flow growth is set up to accelerate in the coming quarters and using that cash to retire shares at these prices is very shareholder friendly. I'd rather see a share buyback at these share prices than a dividend increase.
What I would not welcome is a generous giveaway of stock options to employees in the near future, especially at a strike price below current share prices. That would bother me.