Objectively intelligent.

[sebastian_dangerfield]

Originally Posted by Tyrone Slothrop

We weren't talking about Boeing, we were talking about airlines. They are *all* going under without government help. Is that bad management? Not if all of them go. Boeing is a different story, one of obviously poor management.

You say that businesses select buybacks "solely because it’s the lazy path of least resistance." You don't know that. For some, maybe, but cash is cheap. Businesses that see a way to innovate aren't struggling for cash to invest in something new.

You seem to think that buybacks somehow fool people into thinking the business is more valuable. Who is fooled? Institutional investors understand what's going on. If they think it's a bad strategy, they can sell the stock and it goes back down.

Why is anyone better off if a business chooses to pay a dividend instead of buying stock back?

https://fortune.com/2019/08/20/stock...debt-financed/