There are 381 companies on the nastak, or the new york stock exchange, that are trading below net cash. If all o those companies just said, ok, were going to stop operating and return your cash to you, you would profit. I don't actually really consider that to be great management, though, right? Lie? Great management isn't about, hey, what's the market allowing us to do? Let's do that, right? But at some point i think you really want to on companies where the managers are good allicators of capital in whatever kind of market.
Investors are taking a closer look at stocks trading below their IPO price. (0:20) Bill Mann discusses: - Why he believes that "poor uses of capital have not been punished" - Anchoring to 52-week highs and lows, and why it's dangerous - The level of concern over rolling lockdowns in China (14:47) Alison Southwick and Robert Brokamp talk with Business Insider's Mark Reeth about uncommon leading economic indicators, including the Men's Underwear Index. (Yes, really.) Stocks discussed: SBUX, EL Host: Chris Hill Guests: Bill Mann, Alison Southwick, Robert Brokamp, Mark Reeth Producer: Ricky Mulvey Engineers: Dan Boyd, Rick Engdahl
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