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by spoonjim 1844 days ago
A company that never issues dividends (or equivalents) has a net present value of 0.
2 comments
jdsully 1843 days ago
That completely ignores acquisition as an exit strategy (it even works for public companies).
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ForHackernews 1843 days ago
What about share buybacks?
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spoonjim 1843 days ago
Share buybacks are dividend equivalents.
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