Railroad Stocks, Share Buybacks and Taking the Bias Out of News w/ Austen Allred, Co-Founder of Grasswire
On this week’s show, Marc explains why he’s not a fan of share buybacks (when a company uses excess cash to buy its own stock), calling out Yahoo (Nasdaq: YHOO)’s Marissa Mayer and the CEO of Estee Lauder (NYSE: EL) as two major offenders. He also discusses the downtrodden railroad sector and why he’s waiting for companies like Union Pacific (NYSE: UNP) to slip even further before they’re in bargain territory. And later, Marc interviews Austen Allred, co-founder of Grasswire, about his company and what it was like starting a business while living in his car.
