Supreme's blockbuster FY2024 results
> of all it’s not a large amount and second of all it’s buying shares at a premium to NAV (so it’s actually dilutive to shareholders).
No, that's not true and not how it works. Companies aren't worth their NAV, their are worth their future discounted fcf.
It's only value desctructive if a company buys back shares when the share price if overvalued to it's future discounted free cash flows, NOT nav.
Backing up the truck here...
> of all it’s not a large amount and second of all it’s buying shares at a premium to NAV (so it’s actually dilutive to shareholders).
No, that's not true and not how it works. Companies aren't worth their NAV, their are worth their future discounted fcf.
It's only value desctructive if a company buys back shares when the share price if overvalued to it's future discounted free cash flows, NOT nav.
Backing up the truck here...