And where does dividend money come from? Exact same place.
Same as dividends…
And none of those people benefit from dividends either.
Right, and people who invest for those reasons should not invest in stocks whose main goal is stock price appreciation. There are tens of thousands of companies to invest in, and thousands of them are very strictly dividend-oriented in returning profits to shareholders.
The bottom line is that of all the reasons to dislike a company, stock repurchases should be so low on the list that it’s barely a blip. In terms of legal activities, tax avoidance schemes are a million times more significant waste of money and effort and productivity.
