>there is a vast difference between using profits to buy back shares and using debt to buy back shares There is zero difference. It's all money in a pool of c

>there is a vast difference between using profits to buy back shares and using debt to buy back shares There is zero difference. It's all money in a pool of corporate capital that is either growing (or shrinking some if you're paying interest). If you can do borrow money at negative rates and buy back shares, why wouldn't you?