> However, if you drive down the stock price, it's just as likely that you'd be allowing the company to buy back its own stock at a bargain price, which could h

> However, if you drive down the stock price, it's just as likely that you'd be allowing the company to buy back its own stock at a bargain price, which could help the company by allowing them to retain greater control. Stock buybacks shrink the size of the company. They lose money they could otherwise use to (say) drill for oil, instead returning it to shareholders' hands to deploy in other ways. That sounds like a win for divestment to me. "Less likely/more painful to raise money" and "more likely/less painful to buy stock back" are two sides of the same coin, both meaning less money invested in the business.