During our interview, published yesterday, I asked Donal Murphy whether DCC should borrow some money and use it to buy back shares. I asked because a) DCC has relatively little debt and b) the shares are cheap. The company’s CEO wasn’t in favour of the idea. He said DCC could make more by investing internally. So I moved on to the next question. It bugged me after– what is the right answer here? The two numbers So how does a company decide when to buy back shares? It comes down to two numbers: what it can make, and what it…
Don’t miss out on what is going on with our daily unique stories from our team of skilled journalists and insightful commentators. Members of The Currency get full access to over 4,000 exclusive interviews, investigations, and analysis, plus over 460 podcasts. Annual membership is just €200 for the first year, a saving of €100. Or try The Currency for the first month for a special introductory rate of €5, a saving of €20. Cancel at any time. To become a member today click here.
Join The Currency
INTRODUCTORY OFFER: Full annual membership for just €200.