they are using YOUR money to do a buyback. I dont see directors using their own money to buy shares. In fact last i checked, hamish was dumping his shares - https://www.copyright link/rear-window/hamish-douglass-now-a-magellan-seller-20220703-p5aypc#:~:text=Magellan%20Financial%20Group%20co%2Dfounder,raising%20proceeds%20of%20%249.7%20million.
+ they havent demonstrated that they themselves are good allocators of capital. what makes you think allocating YOUR capital to a buyback is any different to their terrible track record.
MFG Price at posting:
$13.86 Sentiment: Sell Disclosure: Not Held
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