These guys got it right. Sell stock at $16, buy it back at $9. Makes sense too, if they have slowed expansion due to the economy, now they can use cash flow from existing locations.
I've been following WM closely since they bought out my PVN 2 1/2 years ago. Sold WM almost immediately, but it seemed to be a fascinating company, in a perverted sort of way. Harvard Business School could turn it into a multi-semester course on how not to run a company. Here's one of about a zillion mistakes management has made. Spend billions buying back stock in the $40's, today raise billions selling stock at $8.75.