>People (and tool developers) forget that the purpose of a stock is to ultimately produce dividends.
It would be more accurate to say that they distribute profits back to shareholders. Buying shares back is equivalent to dividends. What's questionable are attempts to borrow money to boost the stock price as those then generate a hype cycle which lets the company sell its shares back for a profit which is exactly backwards to how it should work.
It would be more accurate to say that they distribute profits back to shareholders. Buying shares back is equivalent to dividends. What's questionable are attempts to borrow money to boost the stock price as those then generate a hype cycle which lets the company sell its shares back for a profit which is exactly backwards to how it should work.