Why is a company offering to buy back their stock higher than value?

[DcifrThs]

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Fly:

The reason companies buy-back stock is because they have too much cash and they don't know what to do with it. This is generally a signal that the Company is flattening out and doesn't expect huge growth in the future.


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I hate generalizations like this. What academic textbook did you quote it from?

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so what is your answer to the OP's question:

"why is a company offering to buy back their stock @ higher than mkt value"?

personally i think the answer is obvious: they hate money.
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Barron