Concept time is money.

“Bottoms in the investment world don’t end with four-year lows; they end with 10- or 15-year lows.” – Jim Rogers.

If you have good memory you must recall that in July I wondered whether shrinking the share count made any sense to prop up shareholder value at AP Møller-Mærsk (APMM).

In principle, the idea that earnings per share growth could boost appetite in a stock that trades at a large discount to book value (~ 30% @ APMM) isn’t, in fact, totally ...

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