buyback - sending a message early, page-37

Good post Peter111. I only skimmed through it because I didn't need to read it thoroughly to see what you were saying is more or less correct.

Like I said, I've shown the math previously but to be honest, it's a pretty simple concept. Put money in to have less divisions.

You're a better man than me. I'm not going to spend too much time trying to explain something to someone like berretta. People can explain the obvious to him but he cares more about being right than trying to learn.

PVF is also correct in saying berretta could sell out 10% of his holdings and achieve the same result as a return (ignoring tax) if the company does buyback 10%.

This is is logical but people like berretta talk, they do not listen. I encounter people like him/her all the time. The unfortunate truth is the people who need to listen the most are the people who think they know best and subsequently listen the least. That's the way the world is.