Comment by yieldcrv
4 days ago
Palantir is closer to an East India Company
Perhaps there is a different valuation metric relevant for a nearly sovereign entity. Nobody is buying shares for "money returned to shareholders", because nobody is using shares as a conduit, the corporation relies on a low-float to pump their own stocks and delete the shares in buybacks that squeeze the price.
> "money returned to shareholders"
> buybacks
I'm not sure you understand what a buyback is, and given that display of ignorance, I don't see why anyone would care about your (entirely unrelated) observation about Palantir.
shares exist as conduits to return money to shareholders via dividends
buybacks are more efficient but only pump the shares on the open market, by nature, some shareholders are essentially getting money returned, but primarily its to reduce scarcity so all shareholders just have higher value shares for utility at their own discretion
No, all shareholders are essentially getting money returned.
"Higher value shares for utility at their own discretion" = negotiable securities = money.
This conspiratorial "some" is...not a good sign that you're well calibrated enough to tell me what long-dead companies Palantir is or is not like. I'll take my critiques of Palantir from people who understand what they're talking about.
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