RE:RE:RE:RE:RE:RE:RE:CVX PRICE, IT MAKES ME SICK No offense to you, but if management assumes that they can get a better return on capital by using the NCIB instead of "growing fundamentals", AND they are correct, than as a shareholder I sure as heck hope that is the choice they make, elsewise I will be jumping ship as soon as a better boat comes along.
If the CEO has $10mil in his hand, and he can turn that into $20mil of value FOR US by buying back shares, that is 100% better than turning it into $15mil somewhere else, EVERY SINGLE TIME.
As I said, no offence to you, but if maximizing shareholder return isn;t the CEO's #1 priority, then what exactly should it be?
Cheers!
Dunworkin2 wrote: I'm definitely not in favour of CVX (or any growth micro caps) to be buying back their stock (NCIB). The money was raised to grow the fundamentals of the business either organically or through acquisition.