### Comment:
Exactly. Stock buybacks do not help the stock. It’s merely stripping value out of the company. It only benefits the hedge fund and the board of directors. Please stock buyback is code for let’s strip this company. It’s called a buyback to appease the poor stock holders

### REPLY:
you're a moron.  
  
 shareholders own a company, following me?  
  
 If you own shares in Micron, you own x%, yeah? 
  
 If they buy back shares (other people's ownership stakes) and retire them, your x% just got bigger, you now own more of the company without buying more shares.

### END.