Since the executives normally pay themselves in stock every couple of years, this is likely the reason why they won’t spend any of the company’s funds to repurchase shares. Why should they when the executives want to receive the most shares for the least expensive price. If they bought back stock, the price would go up and they would receive less shares. Current shareholders may not like this at this particular moment, but if you can hold out until after they issue shares then everybody’s interests can line up together.
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