Why would a company return some of its shares to the Treasury ...... and how does that help. or hurt its stockholders?
I think when companies do buybacks, they put the shares in the treasury. They no longer exist on the books. The theory is that it helps stockholders. With some shares put into the treasury, that decreases the # of shares actively being floated. So stockholders have a larger percent of ownership in the company, i.e. the shares are worth more.
