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Stock Buybacks?

I hate stock buybacks. I think they are a sign that management has no idea what to do with their hard earned cash flow. In Chevron's case, cash flow created by prior leadership. I get the argument that if you can get a higher return from stock appreciation than the investment options, they make sense. However, when you have been buying back millions - may billions of dollars worth of stock and the stock price is middling, at best, what gives? Legacy projects create legacy cash flow - some, not all. Stock buybacks, by my read, have destroyed value because they have kept us from investing in, and worse, pursuing, legacy opportunities. What say you?


You are Your AEP

Recent Corporate Officers and Board Members did not define AEP. Our attractiveness as a take over target is that we lend credibility to these charlatans. We are the value and they are the flimflam confidence men looking for a beard to attract investors. They are not the men, who create a successful business. They are the parasites that siphon off the value they never served or sacrificed to create. Do not empower freeloaders to profit from your exertions.


The Activist Investors are returning

"It's not clear what an activist might be looking to do with PepsiCo (PEP), though they may want the company to split up or maybe the board may need an overhaul, Bilson speculated."

This is what lots of bad management gets you...I think it's pretty obvious to everyone what needs to be done with PEP...

https://seekingalpha.com/news/4486225-pepsico-under-spotlight-as-activist-target-after-13f-filings