Re:Apple Conference Call
by blantonl on Sunday March 18, 2012 @07:56PM
(#3721526)
Stock buy backs are used to reduce the number of outstanding shares available - which results in shares increasing in value due to earnings per share now increasing. It is one way to "mask" slowing growth.
I've read that they offer few benefits, but I've never heard this explanation. I also don't see how it makes sense for a company in their position?