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re: Am I the only one who thinks the market's reaction to the coronavirus outbreak is...
Posted on 2/1/20 at 1:41 pm to LSURussian
Posted on 2/1/20 at 1:41 pm to LSURussian
You’re correct, I misspoke. Point remains that buybacks were the major driver of multiples expansion last year because earnings aren’t improving. Market went up nearly 30% on slowing earnings. How about that?
My favorite is buying companies for 30% more while their prospects dim. Love it.
My favorite is buying companies for 30% more while their prospects dim. Love it.
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