LOL!
So if you own META, or GOOG, or Cisco, or Amazon, or Pepsi, or Nvidia, or American Airlines, or AT&T or the S&P500, or any of the hundreds of companies that are literally incinerating capital by buying back overvalued shares (some with borrowed money!)....you should, "Just sell your shares back and be on the right side of the redistribution game!"

OK wonderful advice, thanks for that.

You are right to point out that a lot of these companies with overvalued shares are incinerating capital by repurchasing at high prices. But if you do own one of those companies, you have 3 good reasons to sell:
(i) the shares are overvalued;
(ii) the managers are incinerating capital, which might make one wonder whether they are good capital allocators;
(iii) you really can get the dividend that you would have preferred by selling those overpriced shares, selling the exact number of shares needed so that you get your desired amount of dividend.

But since this strategy gives people choice about whether shares are overvalued and also about how much dividend to receive, one wonders whether indiscriminate share repurchase, at whatever price, might not be the way all companies should distribute capital that they don't need internally.

dtb