Jeremi Suchanecki

Value investor helping my partners and friends/families grow wealth. Passion for asymmetric risk/return profiles. No advice!

[Jeremi Suchanecki @Jeremi_C_S]

Very timely post, one of the companies that repurchased over 15% of its stock over the last 2 years is
$PYPL that just received a takeover offer from Advent and Stripe

[Jeremi Suchanecki @Jeremi_C_S]

Buying Dollar Bills at a Discount: The Truth About Share Buybacks and Value Creation

The Rationality of Share Repurchases: Lessons in Capital Allocation
When examining the landscape of corporate leadership, it is hard to find a better subject for study than Henry Singleton.

[Jeremi Suchanecki @Jeremi_C_S]

correction 11.03.24 the time of my post the share price was $14.7

[Jeremi Suchanecki @Jeremi_C_S]

$PBR is relatively cheap even without extraordinary dividends, which might eventually be paid out. EV/EBITDA $PBR 2.6x, $CVX 6.3x, $XOM 5.5x --> more than 50% discount to US peers

[Jeremi Suchanecki @Jeremi_C_S]

@Secrets4stocks $PBR yields 14.4% (Q4-23 annualized) distributions (dividends+share repurchases) while organically replacing 168% of reserves and growing production 4%; $CVX yields 9% while replacing only 9% organically, 4% growth; $XOM yields 7.6% while replacing only 45% organically, 0% growth

[Jeremi Suchanecki @Jeremi_C_S]

April 2026, we exited the $PBR position. From the time of our post the Total return was ≈ +61.7% (~26% annualized), while $CVX +33% and $XOM +47% underperformed in comparison. Our return was substantially larger as we entered between $6-10/share vs on 11.04.26 $14.7/share

[Jeremi Suchanecki @Jeremi_C_S]

very timely post, one of the companies is $PYPL that just received a takeover offer from Advent and Stripe

[Jeremi Suchanecki @Jeremi_C_S]

Buying Dollar Bills at a Discount: The Truth About Share Buybacks and Value Creation

The Rationality of Share Repurchases: Lessons in Capital Allocation
When examining the landscape of corporate leadership, it is hard to find a better subject for study than Henry Singleton.

[Jeremi Suchanecki @Jeremi_C_S]

Comment if you would like to know which stocks repurchased c. 15% of their shares?