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My Personal Finance Journey

Personal finance observation, musing and decisions in a journey toward financial independence by 36 with at least $1 million.

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Worthless Wall Street Research





A perfect example of why you need to take these research reports with a grain of salt.

From Fool.com:

Come again? Does anybody else see the problem here? In one breath, Shapira calls the stock fully valued, and then in the next she declares that management should heed investor sentiment and buy back shares. Here's my question: Why in the name of all things named after John F. Kennedy would it be constructive for a company to use its cash to buy back fully valued shares? Even if Costco has fallow capital, how could one possibly argue that overpaying for its own equity would be a good use? This makes no sense.

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