Re:Statement Regarding Repurchase Operations
by o-__-o on Friday September 20, 2019 @08:16PM
(#21032589)
This isn’t just Elon, Oracles Founder did the same thing. Except they actually have a company with assets. So I don’t get what OP was rambling on about “non real assets”. A fucking manufacturing plant is an asset. My servers are not. Looks like the financial world is working as it should...
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Re:Statement Regarding Repurchase Operations
by azernik on Friday September 20, 2019 @10:37PM
(#21033147)
The specific $500M number was a reference to Elon, but yeah, given how successful this strategy is I'm not surprised the Oracle founder uses it too.
I agree with you that these cases are where the companies have tangible, provable value, even if they're not profitable right now.