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ramasart
Member since May 2012
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>The Big Picture  - FOFOA - FoFOA
Very interesting perspective, and on target. Stock buybacks add no value to the company overall, and only work to raise the stock price. The board of directors must approve something like this, but very often they are also large shareholders and stand to gain in the higher resulting stock price, for as we all know a fixed numerator divided by a smaller denominator results in a higher value. I've never seen any reason a company should buy back its own stock, unless they have reason to believe that a person or company is trying to gain control--they can then buy back stock as a preventive measure. Otherwise, the money is wasted and what could have been a dividend becomes wasted money. Then again, from the interest of the stock-holding insiders, one's investment has immediately become more valuable--oh, and I just got a bonus for achieving my goal of increasing the stock price. Nice...

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Beginning of the headline :Each day I spend an hour or two scanning the stories and memes that are circulating that day, and then maybe another hour thinking about how they fit into the big picture. Everything is, of course, connected, and aside from filtering out the nonsense and the noise, putting it all together into a single comprehensive and cohesive picture is, IMO, the only way to understand what is really happening. Without such a context, it can seem like nothing makes sense, like we live in a madhouse where i... Read More
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