EP 331. How No-Growth Stocks Can Lead to High Investment Returns
Focused Compounding
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Stock Bybacks
In general, these companies that are cannibals, they buy back a lot of their own stock. It works well for anies that have consistent free cash flow and don't have some place to put it. If you buy one of these when their multipleis high, it really may not work out well because almost no one does like the teledine approach.
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