I found it interesting DW even mentioned the 3% and expanded stock program on the call this morning.
I did find it humorous when an investor wanted the dollar impact and Darren said it was immaterial. Employees get a dribble from the proverbial t-t, while investors and those at the top are greatly rewarded by tripling the amount of buy back. Oh also keep an eye on that cash that's growing quarter over quarter
For those that missed the broadcast:
https://www.indiamart.com/proddetail/meticulous-male-white-rings-head-mannequins-11103818688.html
The 3% is a on time payment. That's it and no promises of anything else.
The buyback only makes sense if eighty something dollar stock price is believed to be below the actual value of the company. Otherwise, it's like buying a Walmart bag for the price of a Louis Vuitton
Is the 3% a one time payment on June 1st or increase to salary of 3% going forward?
Makes complete sense to buy at 80+ and not at 30...
Exxon gave 3% one time while cut 1 year of 401k
Can you imagine what type of bonus will be on pay structure for traders???
But please don’t leave this will be q great opportunity Lmao
and buying back while the stock price is high... Doesn't seen like a terribly good idea.