206: Dan David – The Investigative Research of an Activist Short Seller
Chat With Traders
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The Role of Adjusted Metrics in Stock Buybacks
We saw that all these adjusted metrics were paying management tens of millions of dollars, but it was levering the company to a position where they could not sustain their roll up strategy. And you look at where they are now is where we said they would be, heading towards bankruptcy. It's starting to kind of hit the zeitgeist, and everybody's taking these huge payouts from stock buybacks," he says.
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