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Buybacks decrease outstanding shares, and increase earnings per share, which drives up share price. But its not a great way to increase EPS, as opposed to incre
by noir-york 11y ago
Buybacks decrease outstanding shares, and increase earnings per share, which drives up share price. But its not a great way to increase EPS, as opposed to increasing EPS via operational means.
- bduerst 11y agoIf you know EPS is a terrible price inflation tactic, why did you automatically assume it's Apple's motive and gripe about it? If the market price is lower than intrinsic value, then the buyback is a good idea.