Share Buybacks

“I think the buyback the same as your diluted is as dumb as rocks, right? You should buy back when your stock is cheap and you should sit on your cash when the stock is dear, right?”

“I find these companies that decide to harvest, you know, the cash cow and buy all their shares back, you know, it never really works.”

“This is the most common way of seeing people accidentally mess up their QSPS status is let's say you have a co-founder that leaves the company and you want to buy back their shares. Talk to a lawyer before that to see it doesn't cross a very specific threshold…”

“However you cut it, with the rising cost of capital in the US and the rising exchange rate, the ability of US corporates to massage earnings through creative accounting, issuing debt to buy back shares, et cetera, has disappeared.”

“Super normally high buyback yields, and a simple definition of this might be a company which is buying back five percent of its shares or more in a one-year period of time, which is a lot. That's a big deployment of capital. That kind of company historically h…”

“Things like mergers and acquisitions, share buybacks, IPOs, have historically been associated with high market levels, right?... And by contrast, M&A tends to dry up when you've had difficult times, IPOs dry up and buybacks dry up.”

“There is a strand of the buyback debate that says companies should never return money to shareholders. It says once money comes into a company, it should stay in that company forever, which is obviously not what anyone says, but it's like sort of the implied P…”

“And we've now perhaps swung too far, but also like the rhetoric has swung too far where now it's just assumed that the worst thing companies can do is give money back to shareholders. Now there are some arguments for that. Like the shareholders are often like …”