Analyzing net buybacks over gross stock repurchases
Investors evaluating total shareholder yield must deduct stock issued as employee compensation from gross buybacks on the cash flow statement to avoid distorted valuation metrics.
Keep reading this one
You've read the thesis and who argued it. A free account opens the argument, what validates it, the risks the show raised, and the moment in the episode where it was said — 3 ideas in full a day, no card.