Money and Finance
- Mauboussin On Strategy: The Importance Of Expectations
In his latest strategy piece, The Importance of Expectations – The Question that Bears Repeating: What’s Priced In, Michael Mauboussin discusses the key to successful investing which is to systematically distinguish between price and value – two...
- Exxon Mobil's Dividend Could Be In Danger
Earlier this month, Exxon Mobil (NYSE:XOM) reported Q4 2015 earnings which, as expected, looked ugly considering the large decline in the price of oil over the last one and a half years. Exxon Mobil has long been one of the largest repurchasers of shares,...
- How Effective Are Those Share Buybacks?
Companies have a few options when it comes to creating shareholder value. The most important is the ability to improve the underlying operations of the company through growth. My favorite is through dividends and of course share buybacks are another...
- Should We Do Away With Dividend Yield?
We may not like it, but buybacks are here to stay. Management teams prefer buybacks for a number of reasons, even though those reasons may not always be in the best interests of their shareholders. So ingrained are buybacks in today's market that...
- Dividends Aren't Evil
Matt Yglesias has a post called "Dividends Are Evil", he is right in some ways, but mostly wrong. Let's count the ways: 1. Yglesias begins by saying that dividends are a "triumph of short term thinking"; I could not disagree more. Dividend investing...
Money and Finance
Share Repurchase from All Angles: Assessing Buybacks, No Matter Where You Sit - By Michael Mauboussin
In his latest strategy piece, Share Repurchase from All Angles: Assessing Buybacks, No Matter Where You Sit, Michael Mauboussin discusses the sometimes misused and misunderstood importance of share buybacks to maximize long-term value for shareholders from four distinct points of view: companies, shareholders, prospective shareholders, and the media.
- Mauboussin On Strategy: The Importance Of Expectations
In his latest strategy piece, The Importance of Expectations – The Question that Bears Repeating: What’s Priced In, Michael Mauboussin discusses the key to successful investing which is to systematically distinguish between price and value – two...
- Exxon Mobil's Dividend Could Be In Danger
Earlier this month, Exxon Mobil (NYSE:XOM) reported Q4 2015 earnings which, as expected, looked ugly considering the large decline in the price of oil over the last one and a half years. Exxon Mobil has long been one of the largest repurchasers of shares,...
- How Effective Are Those Share Buybacks?
Companies have a few options when it comes to creating shareholder value. The most important is the ability to improve the underlying operations of the company through growth. My favorite is through dividends and of course share buybacks are another...
- Should We Do Away With Dividend Yield?
We may not like it, but buybacks are here to stay. Management teams prefer buybacks for a number of reasons, even though those reasons may not always be in the best interests of their shareholders. So ingrained are buybacks in today's market that...
- Dividends Aren't Evil
Matt Yglesias has a post called "Dividends Are Evil", he is right in some ways, but mostly wrong. Let's count the ways: 1. Yglesias begins by saying that dividends are a "triumph of short term thinking"; I could not disagree more. Dividend investing...