Originally Posted by
blackcap
I'm not sure the idea of a buyback is to actually increase the SP. For mine the idea is to increase the EPS going forward of the company (thus increasing the SP). If the company can do this with as little use of funds as is possible it is all the better for shareholders. I as a shareholder would rather TRA buy back shares in the $2.30 range than say the $2.65 range. Going forward that is better for TRA as they have more cash left over for other things like dividends and future growth.
Why the shareprice is retreating after the company announces a buy back, well that is another thing entirely.