I sometimes wonder if Kingfish do the include share buy backs in their Total Shareholder Return trick
Ie TSR = Share price gain + dividends + buybacks
Many outfits calculate it this way
I would say yes they do:
total shareholder return – the return combines the share price performance, the warrant price performance, the net value of converting any warrants into shares, and the dividends paid to shareholders. It assumes all dividends are reinvested in the Company’s dividend reinvestment plan, and that shareholders exercise their warrants, (if they were in the money), at warrant expiry date.
Instant success is a curse and a gift. The curse is you think luck is skill. The gift is you know it can be done. Then it’s a race to turn luck into skill before you lose it all.
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