Newspeak phrase of the day: Conglomerate Discount.
Some inverters believe they suffer from "conglomerate discount" [1]: that their whole conglomerate can be worth less than the sum of its parts. Who decides what the parts are worth? The investors, of course. Buying shares of their own company is a pretty standard way to fix the "discount".
Some inverters believe they suffer from "conglomerate discount" [1]: that their whole conglomerate can be worth less than the sum of its parts. Who decides what the parts are worth? The investors, of course. Buying shares of their own company is a pretty standard way to fix the "discount".
[1]: https://en.wikipedia.org/wiki/Conglomerate_discount