Cannibal Stock: Toll Brothers
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10 apr 2024 om 14:53
“Pay close attention to the cannibals – the businesses that are eating themselves by buying back their stock.” – Charlie Munger
Cannibal stocks are shares in companies that buy back their own shares on the market on a massive scale. This phenomenon can be beneficial for shareholders, as it increases their relative stake in the company without them having to invest further.