Peter Minde
Well-known member
- Joined
- Jul 19, 2020
Stock buybacks. The bane of 'Murrica.
The more shares they buy back, the less they reinvest in the resorts. Not a sustainable cycle.Stock buybacks. The bane of 'Murrica.
Yup.The more shares they buy back, the less they reinvest in the resorts.
Doesn't need to be sustainable. All the executives want to do is make the shareholders happy long enough until they make their exit and get a giant bag of cash. They are in the stock business now, not the snow business.The more shares they buy back, the less they reinvest in the resorts. Not a sustainable cycle.