### Comment:
It’s because they too much cash and don’t know what else to do with it

### REPLY:
That isn't the only reason. It is also hedging against future higher interest rates and stock values. Now money is cheap to loan so they can easily leverage what they have to buy back the shares. If they are short of cash at some later point they can start selling them. It also means their remuneration for staff will be cheaper. If they sit on a massive pile of stocks they bought for $140 but they are worth $185 they've saved a third on the staff bonuses.

### END.