"You didn't question the merits, you questioned whether the returns were known."
They are the same thing.
For long-term business owners, return on their capital in the business is an overarching merit.
How someone can be happy to be a shareholder in a business, whose future returns on future capital investment are uncertain, totally escapes me.
If you don't trust the management's judgements to make investments then why are you holding at all?
To repeat:
I assess APA to be a somewhat undervalued bond proxy at a time when I think bonds are undervalued relative to macroeconomic developments.
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News: APA APA Group Says Estimated Final Distribution Of 29.5 AU Cents Per Security, page-27
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Last
$7.49 |
Change
-0.260(3.35%) |
Mkt cap ! $9.699B | |||
| Open | High | Low | Value | Volume |
| $7.47 | $7.52 | $7.41 | $45.41M | 6.086M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1850 | $7.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.50 | 63075 | 4 |
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