A repurchase at high level reduces continuing shareholders’ wealth because per-share intrinsic value decreases. Sometimes management goes for buying back shares at inflated prices just to jack up the share price in the market.
Avoid companies that do this.
If you want to learn more check out these resources:
Discover How You Can Be Debt Free
Join the 21,000 other members who've already taken the first steps towards student loan freedom. Sign up and get my five free tactics to lower your student loan debt.