> Are share buy backs a common strategy for large companies? Yes. They’re a transfer of money from the company to its owners but they have tax advantages over

> Are share buy backs a common strategy for large companies? Yes. They’re a transfer of money from the company to its owners but they have tax advantages over dividends because instead of all owners paying tax twice, once on profits and again as income they’re only taxed as corporate profits unless you’ve actually sold your shares. The owners who don’t sell have a larger share of the remaining company by virtue of the smaller number of shares outstanding.