Maybe Tommy isn’t so bad at his job after all.
5 replies (most recent on top)
Missed it by that much
LOL. I guess THIS post didn't age well.
Rate increases are grinding into the top-line, while adverse inflationary impacts are moderating or declining (ex: used car prices which influence total loss values). Profitability will improve, and excess profits will be deployed to repurchase shares or pursue a bolt-on niche acquisition. Wall Street is already ahead of the trend, and price/book is a bit extended.
ALL usually rallies when they buy a big block of its own shares back. So yes, you should praise TW for artificially propping up its own shares.
Good for Tom’s net worth
Terrible for front line workers.