### Comment:
It will increase share price but it will be priced in almost immediately after announced.

### REPLY:
It also doesn't change the underlying performance of the company at all so it's really just a bone for the folks that have been holding for awhile and want to sell. The long-term effects of buybacks should null unless they're using the buy-back to boost the price and then using the proceeds from the sale of the shared at a higher price in the future to re-invest in operations.

### END.