I agree with you.There maybe some problems with share buybacks but at this stage even a $1M announcement will send the shareprice through the roof cause it would imply ‘No More Dilution’. That is perhaps why Solomon decided to go with dividends.Cause he is dilution addict. But who will care about a dividend if he gets that money from dilution?
I think I already explained it. There are many restrictions. Basically, you can't get the share price up by buying back shares.
And in the China space it's even worse. If they announce share buybacks, nobody will believe them. Scams have done it frequently. They will not get credit for it. It will not resolve the credibility issue. AND, it will create more uncertainty. When the stock doesn't go up, investors will conclude that they are not buying back stock.
Share buybacks work once they have achieved some credibility. When the stock is trading higher. When TRW is growing. When they stop diluting. Only THEN will the market believe them. Right now... we are in such an incredible sh-hole that share buybacks will have ZERO effect.
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