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The counterargument to that is all advertising/branding/product...

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    The counterargument to that is all advertising/branding/product development efforts will fall flat, and all you're left with is a bunch of overpaid executives squandering shareholder value.

    CAT is a great example of that. I prefer conservative, prudent management of shareholder capital even if it means the prospect of immediate returns is impaired.
    Last edited by thunderhead1: 06/04/18
 
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