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clock Created with Sketch. 13/12/22
21:59
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Originally posted by bedger:
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Qantas had to sell shares at just over $3 to shore up a balance sheet just two years ago (i.e. sold shares at $3) and now bought them back at $6+, weakening the balance sheet. If you like your invested capital managed like that as a shareholder, your logic defies me.
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Japanese corporations typically hoard enough cash for years of zero revenue. They often operate for centuries without major financial difficulties - let alone bankruptcy.
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