From the adidas 2Q2011 earnings call Q&A session, available at SeekingAlpha.com: Chris Svezia – Susquehanna Financial Group LLP "And the third question would be the use of your cash. If you keep your run rate of the declining net debt, you’re going to be net cash positive by the end of the year. Any thoughts … Continue reading Nugget: Adidas CFO on Capital Allocation
Tag: Share buybacks
Nutrisystem: no-repurchase scenario
Below you will find a reformulated statement of Common Equity adjusted as if the company had not repurchased any shares in 2010: It is my opinion that management purchased shares at a premium and therefore destroyed intrinsic value. I am in favor of stock repurchases but only as long as they are made at a … Continue reading Nutrisystem: no-repurchase scenario