FYI: A common critique of stock repurchases is that each dollar used to buy back company shares is a dollar not spent on business activities that would stimulate economic growth. Another critique is that, instead of buying back shares, the company could use those same dollars to return capital to shareholders in the form of dividends. Both of these critiques, which tend to figure prominently in the media, are misplaced. Let’s see why this is the case.
Regards,
Ted
http://www.etf.com/sections/index-investor-corner/swedroe-dont-demonize-buybacks?nopaging=1
