As far as the stock performance - should Mr. Market's actions be used to judge management? For a long term investor in a company buying back a lot of stock, the lower…
As far as the stock performance - should Mr. Market's actions be used to judge management? For a long term investor in a company buying back a lot of stock, the lower the stock price goes and the longer it stays there, the better, no?
As far as your point 3.c.
- it's easy to look back and say "They bought at a high price and pulled back at a low price", but who knew in January that the price then wasn't the low point?
- addressing some liabilities at the end of 22q3 could spring up out of nowhere. Maybe thanks to low CHTR price QRTE indemnification or exchangeable debt became attractive or perhaps GCI FCC fine/settlement? Or something else? We should find out soon.
LBRD after tax "look through" CHTR earnings:
2017 $0.96/LBRD share (with $2.74 LBRD debt/share)
2021 $8.82/LBRD share (with $19.67 LBRD debt,preferred,indemnification/share)
As far as the stock performance - should Mr. Market's actions be used to judge management? For a long term investor in a company buying back a lot of stock, the lower the stock price goes and the longer it stays there, the better, no?
As far as your point 3.c.
- it's easy to look back and say "They bought at a high price and pulled back at a low price", but who knew in January that the price then wasn't the low point?
- addressing some liabilities at the end of 22q3 could spring up out of nowhere. Maybe thanks to low CHTR price QRTE indemnification or exchangeable debt became attractive or perhaps GCI FCC fine/settlement? Or something else? We should find out soon.