The Buyback Kings, Part 2: Is Wal-Mart A Smart Shopper When It Repurchases Shares? [View article]
Have a large buyback plan passed and ready to implement at all times but only buyback at 52 week lows and when the stock is undervalued or don't buy back at all. Just because the plan is passed doesnt mean the company has to follow through with it. In Wal-Mart's case the company may be just buying back whenever it has cash because buybacks generate higher returns than reinvesting for WMT in particular.
The Buyback Kings, Part 2: Is Wal-Mart A Smart Shopper When It Repurchases Shares? [View article]
That does make some sense. For most companies it wouldn't make much of a difference but it might be appropriate for Wal-Mart. Even adding interest expense in, the company didn't buyback when the stock was cheapest
I think it's unfair to conclude that Apple will be left out of this 'Phablet' market forever just because the company doesn't produce something like that now. If there's one thing I've learned from listening to Tim Cook, Apple is going to make a product with features that caters to the majority of consumers. If it does in fact come to the point when the majority of smartphone users seek a phablet form factor, you can count on Apple producing one and I guarantee it will be at the very least competitive with whats out there now. Don't sell the rumor.
The Buyback Kings, Part 2: Is Wal-Mart A Smart Shopper When It Repurchases Shares? [View article]
When private equity firms or big boys like Buffett buy entire companies, it isnt even an argument whether to add the debt to the price. When Buffett and that firm bought Heinz, it was all over the headlines that the price was like $28-29 billion even though they only paid like $23 because of the companies debt. When you purchase ownership in something you inherit its obligations. I'm not saying its bad to leverage, but it should be accounted for in valuations.
The Buyback Kings, Part 1: Buy Companies That Buy Themselves [View article]
I plan to cover companies that buy back shares consistently. In my research I may find that a company has been consistent but bought back with bad timing and I will certainly make that clear in my articles and tag the article as Stocks-Short if I think it's really that bad. Thanks for the support
The Buyback Kings, Part 1: Buy Companies That Buy Themselves [View article]
I very much agree with you and I meant to mention this in my company specific articles. The articles will be about companies committed to buy backs but I was going to analyze how effectively they had done so in the past.
The Buyback Kings, Part 1: Buy Companies That Buy Themselves [View article]
I think you're mistaken about the dividend. Read the comments of the SA article "If I Could Buy Just One Stock, It Would Be This One" And not necessarily just buybacks, but optimal capital allocation. Buffett puts Berkshire's capital where it'll generate the highest return for shareholders. He believes when the stock is trading at less than a P/B of 1.2, the best use for the money is buying back stock.
A very good article for illustrating the difference between speculating and investing. My only problem is that it is pretty unlikely that KO will trade at the same valuation it does today in 10 years. Its valuation today in terms of P/E is a 5 year high and typically companies are assigned a lower and lower multiple over time as the law of large numbers sets in and growth declines. I think that will happen with KO as it is nearly a $200 billion company.
If I Could Buy Just One Stock, It Would Be This One [View article]
Great article, my only concern with BRK is what will happen after Buffett and Munger are gone. I don't want to own it when that happens. I wish I'd been around in the 80s to get in on BRK
The Buyback Kings, Part 2: Is Wal-Mart A Smart Shopper When It Repurchases Shares? [View article]
The Buyback Kings, Part 2: Is Wal-Mart A Smart Shopper When It Repurchases Shares? [View article]
The Buyback Kings, Part 2: Is Wal-Mart A Smart Shopper When It Repurchases Shares? [View article]
The Buyback Kings, Part 2: Is Wal-Mart A Smart Shopper When It Repurchases Shares? [View article]
The Buyback Kings, Part 2: Is Wal-Mart A Smart Shopper When It Repurchases Shares? [View article]
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The Buyback Kings, Part 2: Is Wal-Mart A Smart Shopper When It Repurchases Shares? [View article]
The Buyback Kings, Part 2: Is Wal-Mart A Smart Shopper When It Repurchases Shares? [View article]
The Buyback Kings, Part 1: Buy Companies That Buy Themselves [View article]
The Buyback Kings, Part 1: Buy Companies That Buy Themselves [View article]
The Buyback Kings, Part 1: Buy Companies That Buy Themselves [View article]
The Buyback Kings, Part 1: Buy Companies That Buy Themselves [View article]
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If I Could Buy Just One Stock, It Would Be This One [View article]
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