No. of Recommendations: 7
However, buying back shares at a mildly inflated price is still better than letting it sit in cash for years.
That is, assuming that the stock will generate more value per year than cash, which is most often the case.
Depending on the delta, it may not take long at all for the share buyback to be a better deal.
In the extreme case, obviously owning shares at a fair value or slightly overpriced value will be better in the long-term than sitting on 100% cash invested in t bills.
