We also realize the the stock buyback is to provide direct cash to shareholders who are taking advantage of the tax cuts to liquidate, and that the act of creating excess capital by shutting down a section of their business artificially inflates their stock price creating a precarious situation that their business has to catch up with or else it will dramatically fall in a few quarters - and if you are relying on that mutual fund for your retirement you want long term growth and not boom/bust cycles like these actions take. The only people that will be richer for this in a decade are the people who saved money on their capital gains taxes.
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