> Buying back shares is, in some ways, paying off your debt. So you buy back shares when they are at the 52 week high and sell more shares when they are at th

> Buying back shares is, in some ways, paying off your debt. So you buy back shares when they are at the 52 week high and sell more shares when they are at the 52 week low... that's brilliant. Share buybacks make sense for companies with strong balance sheets and little/ no debt load. For example: Apple. They make zero sense for companies with weak balance sheets and tons of debts (e.g. Most of the airlines).