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Bread up, Bro (sickburnbro@poa.st)'s status on Friday, 22-Nov-2024 06:32:13 JST Bread up, Bro
@transgrammaractivist @udongle @JuicyGothMommyFeet @doctorsex you should just shut up about anything business, because it's painful to watch you flail.

In conversation about a year ago from poa.st permalink
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  Bread up, Bro (sickburnbro@poa.st)'s status on Friday, 22-Nov-2024 06:35:02 JST Bread up, Bro
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  @transgrammaractivist @udongle @JuicyGothMommyFeet @doctorsex For those watching: you plow your cash into a stock buyback because you have no other use for it. Thus all that liquidity isn't worth more than raising your stock price - you can't even find some capex to put it to.
  
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  Bread up, Bro (sickburnbro@poa.st)'s status on Friday, 22-Nov-2024 06:42:00 JST Bread up, Bro
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  @doctorsex @transgrammaractivist @udongle @JuicyGothMommyFeet explain why you would then use cash to buy stock back
  
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  Dr. Sex, Ph.d, Esq. (doctorsex@nicecrew.digital)'s status on Friday, 22-Nov-2024 06:42:01 JST Dr. Sex, Ph.d, Esq.
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  >you plow your cash into a stock buyback because you have no other use for it.
  Who the fuck told you this lmao
  Go get a refund from them
  
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  Bread up, Bro (sickburnbro@poa.st)'s status on Friday, 22-Nov-2024 06:42:48 JST Bread up, Bro
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  @doctorsex @transgrammaractivist @udongle @JuicyGothMommyFeet yes, you buy stock back to increase your stock price. And?
  
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  Dr. Sex, Ph.d, Esq. (doctorsex@nicecrew.digital)'s status on Friday, 22-Nov-2024 06:42:49 JST Dr. Sex, Ph.d, Esq.
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  Company I work for has done one (1) buyback while I was there. We:
  -did not have spare cash just lying around we 'did not know what to do with'
  -it was pretty explicit, at least internally, it was to inflate the stock price
  
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  Bread up, Bro (sickburnbro@poa.st)'s status on Friday, 22-Nov-2024 06:45:26 JST Bread up, Bro
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  @doctorsex @transgrammaractivist @udongle @JuicyGothMommyFeet the whole point of this conversation is that boomertard over here was saying that people want that sweet sweet liquidity that fink can provide. Buying your stock back is specifically changing the most liquid asset into one that is less liquid.
  
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  Dr. Sex, Ph.d, Esq. (doctorsex@nicecrew.digital)'s status on Friday, 22-Nov-2024 06:45:27 JST Dr. Sex, Ph.d, Esq.
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  >why would you use legal tender for a transaction, a heavily regulated one no less
  Gee I dunno lemme do some research on this one
  
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  Dr. Sex, Ph.d, Esq. (doctorsex@nicecrew.digital)'s status on Friday, 22-Nov-2024 06:50:06 JST Dr. Sex, Ph.d, Esq.
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  The price organically self-corrects because it's an artificial inflation.
  Are you taking this position out of rote opposition to boomerman?
  
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  Bread up, Bro (sickburnbro@poa.st)'s status on Friday, 22-Nov-2024 06:50:06 JST Bread up, Bro
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  @doctorsex @transgrammaractivist @udongle @JuicyGothMommyFeet then why would any company not be punished immediately by their stockholders for setting a pile of cash on fire
  
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  Bread up, Bro (sickburnbro@poa.st)'s status on Friday, 22-Nov-2024 06:56:18 JST Bread up, Bro
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  @doctorsex @transgrammaractivist @udongle @JuicyGothMommyFeet so if I have a company, and I plow $5B of company cash into stock. The price goes up, then comes back down, because it has been artificially inflated.
  
  Why do the stockholders not fire my ass
  
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  Dr. Sex, Ph.d, Esq. (doctorsex@nicecrew.digital)'s status on Friday, 22-Nov-2024 06:56:19 JST Dr. Sex, Ph.d, Esq.
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  >immediately punished
  What do you think that "organic price correction" is
  
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  Dr. Sex, Ph.d, Esq. (doctorsex@nicecrew.digital)'s status on Friday, 22-Nov-2024 07:00:42 JST Dr. Sex, Ph.d, Esq.
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  It's literally either a move entirely from desparation (which is punished by people dumping) or it's done by stable companies to manipulate market share. If it's the latter, there usually isn't much punishment because titans of industry capable of pulling off such a move can typically bank on momentum.
  
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  Bread up, Bro (sickburnbro@poa.st)'s status on Friday, 22-Nov-2024 07:00:42 JST Bread up, Bro
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  @doctorsex @transgrammaractivist @udongle @JuicyGothMommyFeet why then do you think apple has repurchases their shares
  
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  Dr. Sex, Ph.d, Esq. (doctorsex@nicecrew.digital)'s status on Friday, 22-Nov-2024 07:01:04 JST Dr. Sex, Ph.d, Esq.
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  Depends on how big of a blunder it is. Violation of fiduciary duty has a fairly high bar. That said, if you fucked up bad enough, you probably would be replaced
  
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  Bread up, Bro (sickburnbro@poa.st)'s status on Friday, 22-Nov-2024 07:16:13 JST Bread up, Bro
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  @doctorsex @transgrammaractivist @udongle @JuicyGothMommyFeet lots of other companies are doing it that are smaller, and ones that aren't ESG targets. I think the main manipulate reason to do it is that it can be used to boost EPS.
  
  But there are, as far as I know, several reasons to repurchase that aren't directly manipulation, and one good reason is if you feel your stock is under valued.
  
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  Dr. Sex, Ph.d, Esq. (doctorsex@nicecrew.digital)'s status on Friday, 22-Nov-2024 07:16:14 JST Dr. Sex, Ph.d, Esq.
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  >By choosing big annual buybacks over larger dividends, Apple keeps things flexible—it’s like having an option open rather than committing to ongoing payments that don’t respond to how well the business does each year.
  Yeah, it's momentum then. Apple is the first company to be valued at >1 trillion. If they fell sufficiently below that, this would not be a sustainable strategy whatsoever. This is something that would not work for a smaller or more volatile company, period.
  
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  Dr. Sex, Ph.d, Esq. (doctorsex@nicecrew.digital)'s status on Friday, 22-Nov-2024 07:16:15 JST Dr. Sex, Ph.d, Esq.
  in reply to
  Off the top of my head, I would assume it's because of afformentioned planning to control market share. There could be some other reason, but again, they're a big enough company with a lot of momentum that could probably get away with something like that.
  
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  Bread up, Bro (sickburnbro@poa.st)'s status on Friday, 22-Nov-2024 07:33:18 JST Bread up, Bro
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  @doctorsex @transgrammaractivist @udongle @JuicyGothMommyFeet yes - if you are spending money on buyback that in general means that you don't have anything better to spend it on. Which can be because you are stagnant.
  
  But not always.
  
  ir.thermofisher.com/investors/news-events/news/news-details/2024/Thermo-Fisher-Scientific-Authorizes-4-Billion-of-Share-Repurchases/default.aspx
  
  this is an example - 4 billion - you'd think they could spend that on capex, so what is the purpose?
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    Thermo Fisher Scientific Authorizes $4 Billion of Share Repurchases
    
    Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, today announced that its Board of Directors has authorized the repurchase of $4 billion of shares of its common stock in the open market or in negotiated transactions. The authorization has no expiration date. This replaces the company’s existing repurchase authorization, of which $1 billion was remaining. About Thermo Fisher Scientific Thermo Fisher Scientific Inc. is the world leader in serving science, with annual revenue of approximately $40 billion. Our Mission is to enable our customers to make the world healthier, cleaner and safer. Whether our customers are accelerating life sciences research, solving complex analytical challenges, increasing productivity in their laboratories, improving patient health through diagnostics or the development and manufacture of life-changing therapies, we are here to support them. Our global team delivers an unrivaled combination of innovative technologies,
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  Dr. Sex, Ph.d, Esq. (doctorsex@nicecrew.digital)'s status on Friday, 22-Nov-2024 07:33:19 JST Dr. Sex, Ph.d, Esq.
  in reply to
  The smaller companies that *are* doing it and *doing it succesfully* are probably not very volatile though.
  >several reasons to repurchase that aren't directly manipulation, and one good reason is if you feel your stock is under valued.
  Doing a buyback to effect this is manipulation though. If you are likely at that point, your company is probably pretty stagnant. If you are a smaller company, it's probably better to put that money into diversifying for the ling term.
  
  In conversation about a year ago permalink

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