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by adam_arthur
899 days ago
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Any exec who actually tries to sell the stock high, and buy it low is a winner in my book. Most just follow the crowd and do shareholder dilutive buybacks at nosebleed valuations. If you can buy a long duration US treasury yielding more than twice what your shares yield, maybe stop to think before doing any buybacks. Though I've written it up to mostly short term-ism towards increasing their own compensation through pressuring share price in the immediate term. The alternative is that all these CFOs and others are financially illiterate or incompetent |
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https://www.spglobal.com/marketintelligence/en/news-insights...
The only party he missed was putting our cash reserves in BTC. (which is an inside joke). It would have made the money like $4-5B based on the time of the suggestion. I think investors will be happy to hear he flatly outright said no to that. It looked like a missed opportunity (at $64k)... until it didn't. (back at $16k)