These statements might be logically true, but I feel the logic ignores the overall strategic factors involved in buying back stock and that management needs to

These statements might be logically true, but I feel the logic ignores the overall strategic factors involved in buying back stock and that management needs to consider whether the stock is over or under valued, whether earnings are strong enough for this to make logical sense and the supply and demand among investors for dividend stocks and the ultimate value of a single lump sum distributed to investors vs the value of increased future earnings to the investor from the anti-dilutive impact of buying back stock. Discussing only the tax strategy as is happening in this thread is really stepping over some really important strategic operational factors.