“To fund the expansion, he raised $300,000 by selling shares. But Casey smartly kept the right to buy them back. And as the profits came in, that's exactly what he did. Before long, the company was his alone.”

Casey Irving · The Knowledge Project · K.C. Irving: Competing with Giants

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What was described

raised $300,000 by selling shares, kept the right to buy them back, then bought back all shares to own the company alone

$300,000

Said nearby on the same subject

“You don't want to, for instance, sell Commonwealth bank shares and then buy back the exact same number... but if you're rebalancing the portfolio at the same time, then that's certainly above board”
PB
Paul Benson Guidance Financial Services
Financial Autonomy ·
Why it worked Share this moment
“Charter Communications climbing after the company said its subsidiaries issued eight cash tender offers to buy back up to $1.5 billion in outstanding notes. You can see shares there are up about 11 percent on the news.”
♫
Said on Closing Bell
Pricing $1.5 billion Share this moment
“With the launch of its own to-go operations … Buffalo Wild Wings could start to claw back that market share.”
♫
Said on Business Wars
Business model Share this moment
“Something like 40 or 50% of the shares that they buy back end up in the pockets of the managers.”
♫
Said on New Money
How they work 40-50% of NVR buybacks go to managers Share this moment

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