Subject: Re: Mitsubishi monster buy-back
An interesting observation: buybacks don't change the value of a continuing share at all, unless done at a price well below fair value.

However, perhaps there is a justification to viewing an investment in these shares more favourably as a result of this announcement.

You have mentioned many times how Japanese companies have a tendency to do very poorly on capital allocation - i.e. hoard cash rather than put it to work. A clear indication of better capital allocation surely deserves a more favourable assessment of value .....

StevnFool