JPMorgan: How Dilution And Share Buybacks Impact Equity ReturnsRupert Hargreaves
JPMorgan's 2015 Long-Term Capital Market Return Assumptions booklet lays out the bank's annual assessment of the long-term outlook for all major asset classes and alternative strategy classes. In addition, the 90-page document contains a wealth of analysis on factors that influence equity returns. One such study looks at how dilution and share buybacks impact equity returns -- two related issues commonly overlooked or mishandled when projecting future equity returns.
Indeed, many analysts project future . . .
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