Tuesday, December 11, 2018

Stock-in-Trade

Yet a key reason why Dick’s has done better is the Trump tax cut, which it used not to raise wages but to nearly sextuple its share buybacks, funneling cash to investors. “They increased their buybacks more than average,” says Howard Silverblatt, an analyst at S&P, “and buybacks support the stock.” [More]
So sell it back.  And leave Ed Stack holding the bag when the true "value" becomes unmistakeably clear.

[Via Michael G]

1 comment:

David Codrea said...

Belongs here:
What a f*d up article. "Plenty of Democrats and Independents support Stack’s decision. “Dick’s has been amazing,” says Fred Guttenberg. “They built commonsense gun safety into their business model, and it didn’t trample anyone’s Second Amendment rights.” "And if customers were under 21, Dick’s wouldn’t sell them any guns at all." Jojo Krako says: "Who's tramplin rights?" We're just outright denyin' 'em!" on Take a Memo
Henry
at 9:56 PM