Comment by _DeadFred_
2 days ago
Why do they repurchase the stock? In order to impact the stock's value (also known as manipulating it's value). That is the definition of stock manipulation. No emotions involved, no need for the passive aggressive attack that I'm somehow being emotional.
It's not just a way for a company to use their money. It is a company intentionally using funds for stock manipulation, many times by executives who directly benefit from said manipulation. Companies even take out loans purely to re-purchase stock.
You have a shallow understanding of economics and the stock market. Sorry but your cynical view is not something that generalizes to stock buybacks. And the example of taking a loan out can be financially sound. Using debt when cheap to deploy capital can be beneficial.