Comment by nyeah

Fine. You're well-versed in finance. For ... reasons ... you're doing a very good impression of someone missing the simple point of a very vanilla toy example.

And, yes. I admit it. I'm a fanatical believer in the conspiracy theory that buybacks can be either good or bad for a given shareholder, and that this depends on the price paid for the shares, and on when each shareholder buys and sells. The system is rigged, I tell you! Rigged! .... but, er, ... sometimes it's rigged one way ... and ... sometimes, um, it's rigged the other way. You have to run the numbers. But it's RIGGED!

We good?