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Stock prices are an expectation of future cash flows, the rest explains itself.
by quickthrowman 7y ago
Stock prices are an expectation of future cash flows, the rest explains itself.
- droopyEyelids 7y agoThere is a bit more to be said about how wall st places more value on layoffs than other adjustments to a company's balance sheet. Employees are seen as a generally ugly long term money sink.
- quickthrowman 7y agoI agree wholeheartedly, investors really dislike raises and bonuses for line employees, and will punish companies for it. Shareholder primacy theory is insanity. Speaking of insanity, Art Laffer is advising the current administration re: stimulus. How that guy isn’t immediately laughed out of any room he walks into is beyond me.