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]
















