Home > Boards > Free Zone > Penny Fundamentals > DD Support Board and Research Team

So what does it mean for the future,

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (3) | Next 10 | Previous | Next
Monksdream Member Profile
Member Level 
Followed By 81
Posts 14,778
Boards Moderated 3
Alias Born 08/29/07
160x600 placeholder
Replacing the Wisdom of Crowds With the Wisdom of Fink
Climate change poses two distinct risks for investors, and a special one for fund managers. The pledge last week by Larry Fink, CEO of fund giant BlackRock Inc., to push clients toward environmental, social and governance investing highlights another risk: that markets are shifting from harnessing the wisdom of crowds to the wisdom of a handful of powerful money-management executives.
Contract Losses Sink Apollo's Defense Bet
GOP Candidate Hyde Says He Operated Facebook Pages Defending Himself
Morgan Stanley's Stock Lags Behind -- WSJ
J&J Case Damages Slashed By Judge -- WSJ
Bratspies Out As Walmart Shuffles Its Executives -- WSJ
Schlumberger to Pare U.S. Operations -- WSJ
The Ex-Green Beret Behind Ghosn's Escape -- WSJ
Twentieth Century Loses 'Fox' Name -- WSJ
Lawmakers Asks FTC To Probe Data Firm -- WSJ
Monksdream Member Level  Saturday, 12/07/19 10:58:08 AM
Re: bar1080 post# 163390
Post # of 165379 
So what does it mean for the future, however, you might wish to determine in what year "the future" occurs?

In researching American Cars of 1958 I had to suffer through a long, highly detailed account of the US auto industry from The Reckoning by David Halberstam.

Even smart people, at least in the corporate world, are capable of doing dumb things.

And since they are capable of doing dumb things, what does it say about the average dumb person's capability to do something really stupid?

It's a well known fact among Wall Street participants that the largest US public stock corporations have been borrowing money simply to buy back shares in the open market, thus propping up the valuation, while limiting the dividend payouts to shareholders of the common issues.

One could easily say -- and I tend to think the three major credit rating agencies -- Moody, Fitch, S&P -- would all agree that this type of borrowing serves no useful purpose.

True, you could buy IBM at 100 and then IBM borrows to buy shares and a few years later, even though IBM hasn't increased its annual revenue run it's at 200 because the BOD has been buying enough shares to create a scarcity, a scarcity, I should add, that is, for the most part, artificial.





I am writing a book, American Cars of 1958. Check often for the latest addition. https://investorshub.advfn.com/American-Cars-of-1958-37252/
Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (3) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist