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That would involve selling shares at a low price after buying them at a high price. This would make management look stupid.
by duaoebg 7y ago
That would involve selling shares at a low price after buying them at a high price. This would make management look stupid.
- swarnie_ 7y agoMaybe management is stupid?
- zentiggr 7y agoHmmmm.. isn't the market about finding truth and moving accordingly?
- gwd 7y agoTo ideological purists. To most people it's about making money.
- notyourday 7y ago> That would involve selling shares at a low price after buying them at a high price. This would make management look stupid. It is difficult for management not to look stupid if it is stupid. Airlines were doing well because everything was doing well, not because airlines management was non-stupid. Not having a car accident on an open road with no other cars in a perfect weather does not make one a good driver. It just makes one not a bad driver.
- stingraycharles 7y agoThat’s how they transfer value to their investors. It costs money, but so do dividends.
- ardy42 7y ago> That would involve selling shares at a low price after buying them at a high price. This would make management look stupid. They should be made to look stupid, since using "96% of free cash flow" to buy back shares means they left the companies that they manage grievously vulnerable to disruption. They should pay for privatizing their gains and trying to collectivize their losses.