Then what? Are they going to retire the shares? There's a dollar amount, but how many shares? Buying @ $25 is more shares than @ $32.
Buybacks are good if a company has a strong balance sheet. We know that's not the case here. So, if it isn't to bring up the EPS ie., execs can say they met their EPS goals and get their bonuses, what else is it? Don't we only have about 4 billion in cash before the buyback spending?