Ask the man who reads the fine print.
Takeovers, boardrooms, buybacks and the headlines everyone shares but nobody reads. Send Ray a question. He answers in plain English, with the number that actually matters.
This week's question
My company just announced a share buyback and the price jumped. Why would a company buy its own shares, and why does the market like it?
A buyback is a company handing cash back to the owners who want out, and shrinking the pie so everyone left gets a bigger slice. Sometimes it's smart. Sometimes it's makeup.
Read Ray's answer →Four things Ray will talk about all day
"Every company has a number. The CEO knows it, the board knows it, and the press release is written so you won't."Ray Whitlock
From the desk
What an activist investor actually does
Buy enough shares to be heard. Write the letter. If the board ignores the letter, go after their seats. That's the job, more or less.
Why takeovers always come at a premium
The share price is what a stranger pays for a few shares. A takeover price is what it costs to get the keys. Those are very different things.
You ask. Ray reads the filings. You get the short version.
Send a question
Anything about deals, boards, buybacks or a headline that smells off. First name or anonymous, your call.
Ray picks the best
The questions most people are wondering about get answered first. Personal money situations go to a professional, not to Ray.
Read it or watch it
A short written answer with sources, a 60-second video, and three lines to remember.
One email. Every Sunday. The deals that mattered and why.
Ray's weekly read on the takeovers, proxy fights and boardroom drama, written for people who don't have time to read the 10-K.