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by averagewall 3171 days ago
That passing shares around is necessary for the initial sale to get them any money. Nobody's going to buy a share they can't sell.
1 comments
pg314 3171 days ago
Incorrect. If the net present value of the future dividends exceeds the asking price by a sufficient margin of safety, I'll be happy to buy that share.
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averagewall 3171 days ago
Yes, you're right. I was thinking of no-dividend shares and the part of the value that comes from speculating on the future price.
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