Not exact matches
Now share buybacks aren't necessarily a bad thing, and in fact are Warren Buffett's preferred method for
returning cash to
shareholders — as opposed to dividends —
because they give management more flexibility.
Just
because a company succeeded in making the Fortune 500 does not mean it rewarded its
shareholders — in fact, every year, at least a handful of corporations fail miserably in the stock
returns department.
He says that's not just
because it is the right thing to do from an environmental perspective, but
because, as always, he's focused on getting the biggest
return for his
shareholders.
«And his motivations are suspect
because he is motivated by good business profits, good
shareholder returns, and regulation - free marketing and sales practices.
We think this combination provides a uniquely well - screened list of long ideas
because return on invested capital (ROIC) is the primary driver of
shareholder value creation.
They can not grow much
because they're
returning so much to
shareholders.
Because of a consistent focus on our clients» needs and orienting our businesses to meet their ongoing objectives, we believe we have provided solid
returns in a challenging period, while seeking to protect our ability to provide significant upside to our
shareholders as the economic cycle turns.
So the next time a customer asks, «but doesn't Ken Fisher say he hates annuities» you can answer «no — not really
because in Ken's case he is motivated by good — good business profits, good
shareholder returns, and regulation - free marketing and sales practices.»
We know that Warren Buffett's Berkshire Hathaway hasn't paid a dividend in more than 30 years
because Buffett feels that the
return on capital that he generates by retaining those earnings will create eventual share price appreciation value for the
shareholder that will exceed the share price / dividend capital appreciation that his
shareholders would receive.
I emphasized issues like valuations and peak - to - peak
returns in the semi-annual report,
because the period of unusual overvaluation since 2000 might otherwise leave
shareholders with an inaccurate understanding of «characteristic» performance for the Strategic Growth Fund.
ASX - listed Treasury Wine Estates, the owner of Penfolds and Wolf Blass, has been a winner for
shareholders in the past two years with its share price more than doubling
because of booming exports to Asia and rising
returns from the United States.
«Fonterra can comfortably pursue both [higher milk prices and
shareholder returns]
because its milk price is rules - based and subject to oversight by a panel chaired by an independent director of Fonterra [and with a majority of its members being independent] coupled with oversight by NZ's competition regulator through a very public process,» he said.
Healthcare costs are escalating
because private insurance companies are beholden by profit and are driven by
shareholders expecting
returns, she said.
In 2005, the Spitzer campaign
returned $ 24,000 in campaign donations from Gabelli
because they learned his company was the target of an SEC probe after complaints that
shareholder money wasn't being properly handled and that Gabelli was taking too much for himself in compensation.
But that's
because all they care about is short - term
shareholder return, not long - term customer retention.
A business pays dividends
because the business is making so much money that the business can afford to make investments to grow the business and STILL have money left over to
return to the
shareholders of the company.
And
because of that, those funds don't give
shareholders the full
returns they should receive for the level of risk they are taking.
We've been following AVGN (see earlier posts here and here)
because it's a net cash stock (i.e. it's trading at less than the value of its cash after deducting all liabilities) and it has a specialist biotechnology activist fund Biotechnology Value Fund (BVF) pushing it to liquidate and
return its cash to
shareholders.
We've been following AVGN (see earlier posts here, here, here, here, here and here)
because it's a net cash stock (i.e. it's trading at less than the value of its cash after deducting all liabilities) and specialist biotechnology activist fund BVF has been pushing it to liquidate and
return its cash to
shareholders.
We've been following AVGN (see earlier posts here, here and here)
because it's a net cash stock (i.e. it's trading at less than the value of its cash after deducting all liabilities) and it has a specialist biotechnology activist fund Biotechnology Value Fund (BVF) pushing it to liquidate and
return its cash to
shareholders.
However, growth stocks also carry a lot of risk
because shareholders rely solely on the company's success to generate
return on their investment.
If a stock has a low yield I want to know if it's
because the stock is overpriced or if and why the company is not
returning enough to
shareholders.
However, growth at low
returns on capital can be destructive to
shareholder value,
because the capital could best be deployed elsewhere.
They argued that whether or not a company pays dividends should not matter to
shareholders,
because it does not affect their overall
returns.
Because they trade on an exchange, NextShares may offer cost and tax efficiencies that can enhance
shareholder returns.
While EdgePoint will be an interesting fund company to watch, not least
because of the pedigree of its founders and the promise to focus on investment
returns rather than
shareholder returns, it is not the focus of this post.
I chose the company partly
because I knew it had a long history of
returning value to
shareholders.
NextShares are an innovative way to invest in actively managed strategies, which,
because they trade on an exchange, may offer cost and tax efficiencies that may enhance
shareholder returns.
I have been looking at various Chinese small caps, but in most cases I'm thinking that I simply like DSWL more
because it's profitable, the balance sheet is rock solid and the company has a long history of
returning cash to
shareholders.
If you're invested in stocks, low interest rates typically boost the stock market
because cheap capital allows companies to boost their bottom lines, which in turn boosts
shareholder returns.
For example, People's United Financial currently pays a 4.4 % dividend yield, but offers
shareholders a total
return of almost 15 %
because of buybacks.
We opened our position
because AVGN was a net cash stock (i.e. it's trading at less than the value of its cash after deducting all liabilities), albeit a cash burning net cash stock, and BVF was pushing it to liquidate and
return its cash to
shareholders.
Because the shares of First Cash Financial Services were significantly undervalued at the beginning of the timeframe measured, long - term
shareholder annual
returns of over 30 % have exceeded the company's 20 % earnings growth rate.
With an expected annualized
return on equity of 6 % a discount of 50 % seems suitable,
because basically just half of the value generated by the business goes towards
shareholders and with an expected annualized
return on equity of 9 % a discount of 33 % is warranted.
That happens
because the assets are not really worth what we think they are worth, or
because the value doesn't get
returned to
shareholders and management misallocates resources at low or negative rates of
return.
One minute he is misguidedly complaining about the high non-cash depletion charges associated with his iron ore royalty (remember that from a few quarters ago???), the next he is rescinding a promise to
return capital back to
shareholders (the intended amount started high, went higher, then went to nothing, presumably
because of the Pea Ridge investment).
Agreed, it's a tricky situation, but the preferreds still offer strong enough risk - adjusted rates of
return that are acceptable to me for a smallish position.I'm watching management carefully
because I'm not sure they are acting in the best interests of
shareholders.
Unfortunately, as things stand, it's unlikely this operating progress / potential can deliver a decent
return on equity for
shareholders in the foreseeable future —
because any likely
return will end up swamped in a sea of equity!
This is
because Warren believes he can generate higher
returns (in intrinsic value and in turn eventual share price) through investing in the purchase of new businesses, rather than the
returns to
shareholders through payment of a dividend.
It is a really useful measure of financial performance — that tells a better story than net income —
because it shows what money the company has leftover to expand the business or
return to
shareholders, after paying dividends, buying back stock or paying off debt.
We've been following AVGN (see archived posts here)
because it's a net cash stock (i.e. it's trading at less than the value of its cash after deducting all liabilities) and specialist biotechnology investor Biotechnology Value Fund (BVF) has been pushing it to liquidate and
return its cash to
shareholders.
The common
shareholder stands last in line to be paid, and
because of this additional risk the
shareholder demands a higher expected
return than does the bondholder.
If the corporation is an «S Corporation» the benefit will also be taxed as a distribution; however,
because the S corp is a pass through entity, earnings are reported on the
shareholder's personal tax
returns and thus the benefits are realized as after tax income.
For instance, if the
shareholder sells its shares, the ETF just transfers them to the buyer, while the CEF has to create a capital in this case,
because it have to sell the shares in order to
return money back to the seller.
Because management's compounding value here: Tetragon's
return on equity was 9 % last year & it's averaged 12.4 % pa since its 2007 IPO, it has a progressive dividend policy, it's launched serial tender offers, and overall it's
returned a cumulative $ 1.2 billion (in dividends & share repurchases) to
shareholders (since the IPO).
We've been following AVGN (see archived posts here)
because it's a net cash stock (i.e. it's trading at less than the value of its cash after deducting all liabilities) and specialist biotechnology investor BVF has been pushing it to liquidate and
return its cash to
shareholders.
We've been following AVGN (see archived posts here)
because it's a net cash stock (i.e. it's trading at less than the value of its cash after deducting all liabilities) and specialist biotechnology activist fund BVF has been pushing it to liquidate and
return its cash to
shareholders.
When a company is made up mostly of cash, it doesn't cost anything to liquidate the business
because all a company has to do is
return the cash to the
shareholders.
We know that Warren Buffett's Berkshire Hathaway hasn't paid a dividend in more than 30 years
because Buffett feels that the
return on capital that he generates by retaining those earnings will create eventual share price appreciation value for the
shareholder that will exceed the share price / dividend capital appreciation that his
shareholders would receive.
As soon as you're leaving companies to decide whether they should offer to pay more tax, or enable voluntary disclosures, it might go down well with the public, but again we're back at the catch - 22: what happens when the institutional
shareholders demand a particular
return or dividend, they're not going to be happy when the Director turns around and says «well we can't do that
because we voluntarily paid more tax this year».