RE:RE:Buybacks vs Book Value11.72% "return" may sound great but you forget something... The capital (money) is gone. You need almost 10 years of "savings" to get your capital back! Plus, buybacks is not like "investing", like you and I do when we buy PXT shares. We get the 11.72% return in dividends PLUS we will most likely get CRAZY Capital Gain on the Shares, PLUS we can sell our shares to get the capital back at any time.
You should not look at Buybacks the same way you look at investing. 11.72% return on investing is great! Not so good for buybacks, IMHO.