Resources Archives - Shareholder Yield

Platform Aeronaut: Tech Company Dilution: Finding Ground Truth, 2024

Ryan May 15, 2024 No Comments

Thomas Reiner discusses dilution and stock-based compensation concerning analyzing and measuring dilution at public companies in this email newsletter.

Bg2 Podcast, Ep5: Stock Comp, AI Cold War, Valuations for LLM, 2024

Ryan May 15, 2024 No Comments

Investors (and politicians) focus exclusively on buybacks. But they’re often just the exhaust. It’s helpful to understand stock based compensation and share issuance, and this is a great discussion with…

WSJ: Buybacks Are Back: Corporate America Is on a Spending Spree, 2024

Ryan May 15, 2024 No Comments

An article from The Wall Street Journal discusses how share repurchases are up sharply in the first quarter of 2024, led by big tech companies. (Possible paywall)

Sandbox Financial Partners: It’s really hard to beat the market, plus earnings season, stock buybacks, and geographic revenue exposure, 2024

Ryan May 10, 2024 No Comments

Article from Sandbox Financial Partners’s Substack newsletter discussing a multitude of things, and touching on Goldman Sachs view of of stock buybacks. Excerpt: “After falling 14% in 2023, Goldman Sachs…

Bloomberg: Big Oil’s Blockbuster $114 Billion Investor Payout Is Most Ever, 2024

Ryan May 10, 2024 No Comments

Bloomberg article discussing oil companies returning cash to shareholders. Warning: there may be a paywall to read the article.

Financial Myth-Busting: Prof. Kenneth French Debunks Buybacks’ Misconceptions, 2024

Ryan May 10, 2024 No Comments

Short video clip from The Meb Faber Show podcast discussing stock buybacks.

Morgan Stanley: Counterpoint Global – Cost of Capital and Capital Allocation, 2024

Ryan May 10, 2024 No Comments

Morgan Stanley research report consisting of 23 pages discussing capital allocation. See page 9 discussing buybacks.

Joachim Klement: About Those Share Buybacks, 2023

Ryan May 10, 2024 No Comments

Short piece from Joachim Klement’s Substack newsletter, Klement on Investing, discussing his take on buybacks. Summary: “…it seems corporate executives know what they are doing when they are buying back…

Roger Lowenstein: Buffett on Buybacks: The Oracle Speaks With Censorious Tongue, 2023

Ryan May 10, 2024 No Comments

Roger Lowenstein looks at Warren Buffetts’ decision to discuss the politicized topic of stock buybacks in his shareholder letter.

Jason Zweig: Stock Buybacks Aren’t Bad. They Aren’t Good, Either, 2023

Ryan January 25, 2024 No Comments

In 2013, WSJ columnist Jason Zweig wrote about President Biden’s proposal to quadruple the tax on corporate share repurchases, along with the general hostility towards buybacks.

Category: Resources