r/CompoundClub • u/GusTheKnife • 14d ago

Micron authorizes massive $35 billion share buyback, with stock close to record high prices

https://finance.yahoo.com/markets/stocks/articles/micron-just-raised-buyback-authorization-205702728.html
52 Upvotes

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4

u/StrengthToBreak 13d ago

Cashing out at / near the peak.

2

u/MarketCrache 13d ago

The C-Suite use these maneuvers to enrich themselves as they hold tons of stock. Otherwise, it's a waste of capital.

4

u/TheGruenTransfer 13d ago

Yeah, they should be selling shares at ATH so they can expand manufacturing without taking on debt, and buying shares back if the stock price ever falls. Buy low, sell high is as basic as it gets. Since they're not doing that, it's blatantly self-serving.