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> Bingo. Would you rather have a poorly managed company hold on to their cash and spend it internally, or return it to shareholders? It's not an either/or. A
by ardy42 7y ago
> Bingo. Would you rather have a poorly managed company hold on to their cash and spend it internally, or return it to shareholders?
It's not an either/or. A poorly managed company can make itself more dysfunctional by neglecting investment and returning too much cash to shareholders.
- throw0101a 7y agoA poorly managed company can spend money internally on inappropriate things as well. It's not like IBM doesn't spend on R&D: * https://www.macrotrends.net/stocks/charts/IBM/ibm/research-development-expenses https://www.macrotrends.net/stocks/charts/IBM/ibm/research-d... AAPL spends on R&D, and dividends, and buybacks.