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That's something different -- share buybacks are the same as dividend payments.


They often have similar effects but no, they are not[1].

This notwithstanding, you stated unequivocally that "share prices are not something you can 'grow'" when it is evident that companies have a number of tools at their disposal that can be used quite effectively to manipulate share price, especially over shorter periods of time and in certain kinds of markets.

[1] http://aswathdamodaran.blogspot.com/2014/09/stock-buybacks-t...




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