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I was open to being convinced, but this is dumb: > The company has made its shares more valuable while making itself less valuable. Share value going up doesn
by jtbayly 1y ago
I was open to being convinced, but this is dumb:
> The company has made its shares more valuable while making itself less valuable.
Share value going up doesn’t equate to the value of the company going up, but that’s what is implied by the quote.
Edit to add: the whole article is saying that there is something nonsensical happening to the proves, by implying that the company should be worth less, not more. Well, maybe it should be worth less, or maybe it indicates they make so much cash that they don’t know what to do with it so I want to own it more. Anyway, without an evaluation of what happens to the value of the companies when buybacks happen, there isn’t even a point to this article.