jkrow.bsky.social

jkrow.bsky.social

@jkrow.bsky.social

50 followers94 following245 posts

If one spends $5B on share repurchases (out of $13B in “non-GAAP” earnings) over the past 7 years and outstanding shares still increase by 10%, how “non-cash” does that make stock-based comp? ($NOW)

If you go to the original source article from Fortune 12/2001, Buffett says: “If the ratio approaches 200%-as it did in 1999 and part of 2000-you are playing with fire.” The article says that the metric is now 180%… which might suggest it’s a good time buy. A 10% discount to where you get burned. 🤪

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