$134.5m follower assets
$V buybacks
Ideally, you would like to see a stock buyback chart that looks opposite to the price chart, not exactly the same...
classic mgmt commentary when stock is trading at relative highs: “we’re accelerating our buyback because we think our stock is trading below its fair value”
Not too similar as PayPal's price is now in the doldrums, but always irritates me when they preach shareholder return, when their buybacks just offset dilution and no more.
I agree Mr. Kelly isn’t the most skilled capital allocator. But he has decreased share count by 12% in the last five years.
Having 50% NET margins can make up for managements deficit in this area