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> FB / Meta made two large stock bybacks, one with cash and one with debt, at a very high premium. I don't know enough to understand if that is clearly a bad m
by kobalsky 4y ago
> FB / Meta made two large stock bybacks, one with cash and one with debt, at a very high premium.
I don't know enough to understand if that is clearly a bad move or if maybe they had a different strategy.
I mean if they wanted to buyback their own stock it seems that they are not in a position to time the market. Waiting to buy low feels like they are shorting themselves.
- BbzzbB 4y agoThey did heavy handed repurchases during the quarter where they saw the first active user dip, before announcing it, then barely did any in the following quarter after the stock took a 40% dive. I'm still bullish Meta, but their capital allocation with regards to buybacks was horrendous to say the least.