The Stock Buyback Paradox - Barron's

1. Study shows buybacks benefit other firms more than the issuing company. 2. AAPL's $25 billion buyback coincided with a 9.3% loss this quarter. 3. Findings raise questions on the efficiency of Apple’s buyback strategy. 4. Cash from buybacks often reinvested in younger firms with growth potential. 5. Investors might reconsider the enthusiasm for share repurchases.