$MasterCard (MA.US)$ Happy shareholder. I like low prices wh...

$MasterCard(MA.US)$ Happy shareholder. I like low prices when my company is buying back stock aggressively. Warren Buffett said if you were a net buyer of cheeseburgers over your lifetime would you want high or low prices for them? He said same thing relates to buybacks. If you are holding "indefinitely" it is to your advantage for stock prices to remain as undervalued for as long as possible. The more undervalued the better. Buybacks get more leverage. Ownership share goes up. Earnings per share go up and fewer shares to pay dividends to means dividends can grow even faster.

Long $MasterCard(MA.US)$ and $Visa(V.US)$.