Exploring The True Cost of Equity ~ Invaluable Lessons From History
Good post. Do you think share buybacks are a way of creating shareholder value or just a form of wealth transfer and a executive capital allocation option?
Done properly buybacks are fine. Most of the time they're not done properly. See https://open.substack.com/pub/rockandturner/p/henry-singleton-learn-from-the-best and https://rockandturner.substack.com/p/a-free-lunch-no-such-thing
In first paragraph there is a mistake: "in 2016 it paid an extraordinary 500% dividend yield."
At least I now know that someone is paying attention!
This post has been read over 3,000 times and you are the only one to have spotted it!
It should be 1916 not 2016.
Thank you. It is corrected now.
Good post. Do you think share buybacks are a way of creating shareholder value or just a form of wealth transfer and a executive capital allocation option?
Done properly buybacks are fine. Most of the time they're not done properly. See https://open.substack.com/pub/rockandturner/p/henry-singleton-learn-from-the-best and https://rockandturner.substack.com/p/a-free-lunch-no-such-thing
In first paragraph there is a mistake: "in 2016 it paid an extraordinary 500% dividend yield."
At least I now know that someone is paying attention!
This post has been read over 3,000 times and you are the only one to have spotted it!
It should be 1916 not 2016.
Thank you. It is corrected now.