Mauboussin On FAQs about Buybacks and DividendsVW Staff
May 6th 2014 New paper from Michael J. Mauboussin and Dan Callahan of Credit Suisse on "Disbursing Cash to Shareholders: Frequently Asked Questions about Buybacks and Dividends"
H/T Meb Faber
The value of a stock equals the present value of future cash flows. Sooner or later, an investor in a stock must be able to put cash into his or her pocket for a stock to be of value. Ultimately, a company’s value boils down to the cash it can disburse during its life.
There . . .
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