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My favorite part about bloodsucking corporations like this and Verizon/AT&T is that the actual stock value of these corporations has barely moved in the last tw
by whymauri 5y ago
My favorite part about bloodsucking corporations like this and Verizon/AT&T is that the actual stock value of these corporations has barely moved in the last two decades. I thought this kind of unfettered profiteering and capitalism would be good for long term value?
All this suffering and destruction to meekly underperform the stock market. Why do these executives have jobs?
- greenshackle2 5y agoAh, but the bloodsucking and profiteering is predictable, so it was already priced in. If they stopped and acted like responsible global citizens instead, now that would be a surprise, and their stock price would drop precipitously.
- totalZero 5y agoT and VZ pay substantial dividends.
- gruez 5y ago>My favorite part about bloodsucking corporations like this and Verizon/AT&T is that the actual stock value of these corporations has barely moved in the last two decades Maybe because they're paying out profits in dividends?
- whymauri 5y agoI actually didn't know this. Does Rio Tinto also fall into this category of 'objectively terrible for the human race, but pays wonderful dividends to the stakeholders'?
- totalZero 5y agoThe point is that the stock value remains in the same place because they distribute part of their earnings to shareholders. On the day of a dividend, the stock gets discounted by the amount of the dividend. So if you pay out a large dividend and the share price is static over the long term, that’s actually quite good for investors. (In other words, your earlier comment about bloodsucking profiteers misses the mark a little bit.)
- nicoburns 5y ago> I thought this kind of unfettered profiteering and capitalism would be good for long term value? No, it's only good for short term value. Long-term the regulatory and social environment evolves to punish these kind of companies.