Share Buybacks, Dividends and Optimal Capital Allocation
A company repurchasing its own shares may suggest that it is no longer able to reinvest its excess cash at high rates
Month: June 2023
Growth and Multiple Expansion: the “Twin Engines” of 100-Baggers
Stock price rises over time based on the quality of earnings and on how long those earnings can be reinvested at high
Great Businesses Compound Earnings At High Rates
GREAT BUSINESSES COMPOUND THEIR EARNINGS AT HIGH RATES The characteristics which growth stocks enjoy were studied by security analyst Thomas Phelps in