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Because when you repurchase shares beneath its intrinsic value it's accretive to shareholder value.
by cremnob 13y ago
Because when you repurchase shares beneath its intrinsic value it's accretive to shareholder value.
- eru 13y agoYes, but judging intrinsic value is something for investors to do. I want my companies to concentrate on what they are good at---and random companies are not good at playing the stock market. (See the other current discussion about Cooper Union (https://news.ycombinator.com/item?id=5599385 https://news.ycombinator.com/item?id=5599385).)