Far too many companies stress near-term profit and cash flow rather than investing in the busin…
Apparel industry investments translate into value for shareholders only when they generate reve…
Companies can succeed by buying back shares when the price dips below its longer term trend and…
While the industry reinvests heavily in itself, that hasn’t necessarily spawned value for sha…
Double-dip-recession worries have prompted cuts in capex and R&D spending.
Companies deploying higher percentages of their free cash flow into buybacks tend to deliver lo…
Investors are willing to reward fast-growing, high-return companies by letting them hold cash.
A herdlike mentality leads many companies to acquire more at the top of the stock market cycle …
Maximizing shareholder value often requires investing substantially more in strong businesses t…
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Managements may be biased in favor of their own companies' valuation.
Research on nonfinancial companies finds that larger companies typically grow more slowly and e…
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