Subject: Re: Dividends
Does HC have a point that a lot of very smart very successful companies issue small dividends regularly, and there is probably a reason for this which is not brain dead? Almsot certainly yes.

Does Mungofitch have a point that using relatively reasonable models of pricing and valuation, you can actually show that a company which tosses 1% of its Market Cap over the transom each year will likely show signs of having 1% less of its Market Cap to invest in its growth each year? Again, almost without a doubt.

The difference between the two, one guy feels the need to make his point on an hourly basis!!!