>"Buybacks are just tax efficient dividends, and all of the hate against them is from people who don't realize this and haven't thought through the math." No,

>"Buybacks are just tax efficient dividends, and all of the hate against them is from people who don't realize this and haven't thought through the math." No, the issue people have is not with the buybacks themselves but the massive debt binge many companies went on in order to buy these shares back. It's precisely because people have done the math.