Buybacks signify that the company's management can't find any better use for their money. It signifies that the company sees no value in investing that money i

Buybacks signify that the company's management can't find any better use for their money. It signifies that the company sees no value in investing that money in developing more business for the company in the future, but wants to spend that important money on ephemeral share prices instead. Companies that only plan for today instead of planning for their own greater futures deserve to go under.