RE:Buybacks, Buybacks, Buybacks The solution to the conundrum of dividends vs buybacks is to do only special dividends. A prescribed dividend level in such a volatile asset class can do more to hurt the stock than help. I think a couple of random special dividends would do wonders for interest in the stock. Buybacks on such an illiquid stock would add to the illiquidity so that option on this stock makes little sense.