Been thinking about this after $DOCS announced share buybacks today. A fast growing small cap business, an year since IPO, in a slight turbulent market environment. I'd say I'm not impressed that they felt the best use of their cash currently is to buy back shares. Growing 40-50% and they didn't want to use that cash to fund growth? Keeping some cash on hand to bolster the balance sheet might not have been a bad idea either. Buybacks are cool but as a shareholder I'm not ecstatic.

What do you guys think?