Forsyth Barr notes that stocks like building supplies and construction company Fletcher Building and retirement village operator Summerset Holdings have seen drops of more than 30% from their peak, even though analysts do not expect a significant change of tone.
In a report this week, analysts at Craigs Investment Partners noted Fletcher Building shares looked cheap given their relative P/E valuation.
Thats a very distinct possibility ...as they have the funds ...rather then give special dividend etc ...use another $ 300 mil to buy and extinguish shares thus making it EPS positive . That should fire up SP better
Thats a very distinct possibility ...as they have the funds ...rather then give special dividend etc ...use another $ 300 mil to buy and extinguish shares thus making it EPS positive . That should fire up SP better
Actually - I would prefer them to spend their time and effort into improving their business (i.e. sustainably increasing their earnings) rather than playing around with trying to manage their share price. But I guess this is probably the difference between an investor (who is invested) and a trader (who buys and flogs off whatever makes them money)
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"Prediction is very difficult, especially about the future" (Niels Bohr)
Actually - I would prefer them to spend their time and effort into improving their business (i.e. sustainably increasing their earnings) rather than playing around with trying to manage their share price. But I guess this is probably the difference between an investor (who is invested) and a trader (who buys and flogs off whatever makes them money)
BP, financial engineering probably 'boosts' senior management incentives / bonus payments .... looking after themselves and hoping 'investors' don't notice
That''s why the Total Shareholder Returns TSR calculation includes buy backs and not just capital gain and dividends ... sneaky eh
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
BP, financial engineering probably 'boosts' senior management incentives / bonus payments .... looking after themselves and hoping 'investors' don't notice
That''s why the Total Shareholder Returns TSR calculation includes buy backs and not just capital gain and dividends ... sneaky eh
Also doing investor friendly things dont take much time and brain power of top management to distract them from doing their job ...lol
They need to signal to investors that they care and will do everything possible to maximise their returns ...which not only includes working well but some investor friendly measures also . Best way to improve their tarnished image due to past mismanagements
Originally Posted by sb9
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