Samuel Meciar's avatar
$37.8m follower assets
My theory on why $SNOW announced buyback is fairly simple. At investor day last year, they guided for 2% p.a. dilution moving forward. The dilution has gone higher as they made multiple acquisitions along the way, and so buying back shares is their way of maintaining this.
Joshua Simka's avatar
At least management stood by their word? At 24x sales it seems like now isn't the best time to be buying back $SNOW stock.
Samuel Meciar's avatar
@tomato the authorization is for 2 years. It doesn’t mean they’ll buyback immediately at these levels.



Already have an account?