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A comment on Stock Market Returns Are Anything but Average. Parent comment

Re:Stock Market Returns Are Anything but Average by whatshisface on Friday April 30, 2021 @11:31AM (#26994736)
>why stocks can have any value without paying dividends.

Well, if a company was never going to issue dividends at any time in the future, or do dividend-alternatives like buybacks or a liquidation at the end of its life (not a normal option), or anything else, its shares would be worthless. I could actually imagine a tech company going out of business before its first dividend.

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Re:Stock Market Returns Are Anything but Average by bluGill on Friday April 30, 2021 @02:13PM (#26997179)
Many have gone bankrupt without any form of dividend. Many others have gone on for years reinvesting in the business before doing a dividend. (I'm counting as buy-back as a dividend - with modern tax code it is currently a better way to do them)
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Re:Stock Market Returns Are Anything but Average by imtringued on Friday April 30, 2021 @04:19PM (#26998766)
Yes, but everyone is aware of this. Nobody talks about cryptocurrencies "going out of business", even though this is a thing that happens all the time.
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