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A comment on The Size of BYD's Factory. Parent comment
Would it offend your sensibilities less if they paid dividends with that money?
Buybacks are simply a more tax advantageous means of returning profits to share holders.
Similarly debt financed buybacks are a morally neutral way to change the capital structure of the firm by replacing equity with debt.
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Would it offend your sensibilities less if they paid dividends with that money?
Buybacks are simply a more tax advantageous means of returning profits to share holders.
Similarly debt financed buybacks are a morally neutral way to change the capital structure of the firm by replacing equity with debt.