Apologies. I can be a tool.
I'm actually a big fan of 'moaty' business with strong insider ownership. That's what drove me to be a shareholder, some years ago. I actually have written very positively about REH, in the past, right here on HC.
Whilst my enthusiasm did wane somewhat with the Morsco acquisition, this certainly this was not a 'deal breaker' for me.
The issue for me is that my capital is precious. I view a business through the lens of what income I expect it to deliver me. Even a high quality business, imo, has to be viewed through this lens. A business that can retain much of its earnings and deploy them at high rates, is indeed highly valuable. It holds the promise of a much fatter dividend tomorrow, than what it could deliver today, even if it were to pay out all of its earnings.
But there is a quantifiable limit to these things - imo. And, i view my capital as precious & to be directed to where i can sense it will deliver me a more justifiable return.
All the best with your stake.
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Last
$26.59 |
Change
0.490(1.88%) |
Mkt cap ! $17.19B |
Open | High | Low | Value | Volume |
$26.26 | $26.65 | $26.12 | $3.001M | 113.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 207 | $26.59 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$26.60 | 17 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 126 | 26.620 |
6 | 234 | 26.610 |
3 | 153 | 26.600 |
3 | 172 | 26.590 |
4 | 161 | 26.580 |
Price($) | Vol. | No. |
---|---|---|
26.630 | 140 | 6 |
26.640 | 438 | 9 |
26.650 | 296 | 4 |
26.660 | 269 | 4 |
26.670 | 127 | 2 |
Last trade - 13.50pm 15/08/2024 (20 minute delay) ? |
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