I'm arguing that it's fine to have some companies that don't pay dividends. Fine in a world where the standard is dividend paying companies. Once they become the exception, once you stop even speculating about what they would be paying if they where paying, once you start talking about, game's up. Stock becomes trading cards.
BTW, it's not just not paying. Paying 1-3% is the same sort of issue just that then it's the investors rather then the companies fault.
But then, all that says. It still works. Sort of. Baffles me.
I'm arguing that it's fine to have some companies that don't pay dividends. Fine in a world where the standard is dividend paying companies. Once they become the exception, once you stop even speculating about what they would be paying if they where paying, once you start talking about, game's up. Stock becomes trading cards.
BTW, it's not just not paying. Paying 1-3% is the same sort of issue just that then it's the investors rather then the companies fault.
But then, all that says. It still works. Sort of. Baffles me.