In today’s briefing:
- Without a Disciplined Cash Allocation in a Company, Share Repurchases Are Welcome to Investors
Without a Disciplined Cash Allocation in a Company, Share Repurchases Are Welcome to Investors
- Since most Japanese companies at this point have more cash on hand than they need, it is only natural that they will step up shareholder returns, including share buybacks.
- The reason why many companies have more cash on hand than necessary due to lack of investment for growth is because they do not have a disciplined cash allocation.
- If the company does not have a disciplined cash allocation, share repurchases that lead to allocations to the most effective investments at the investor’s discretion are welcome to the investor.
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