Letters by Topic

Letters on Shareholder Yield

Total cash returned to owners via dividends and buybacks, as a percentage of market value.

2011·The two conditions for value-adding buybacks (2011 letter)

Charlie and I favor repurchases when two conditions are met: first, a company has ample funds to take care of the operational and liquidity needs of its business; second, its stock is selling at a material discount to the company's intrinsic business value, conservatively calculated.

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Shareholder Yield is one of the ideas behind the ValueOS tools. See it applied to real companies.

📖 Concept 🎯 ValueOS Score