“Pay close attention to the cannibals… the businesses that are eating themselves by buying back their stock.” — Charlie Munger
This is quietly one of the most powerful concepts Munger came across, at least in this humble writer’s opinion. A proper share buyback can be a wonderful thing. And if you combine it earnings growth and a generous dividend? Oh baby. Great things usually start to happen.
I did the work, and found 20+ Canadian cannibals, companies that are slowly eating themselves. And, not surprisingly, they’ve trounced the TSX Composite Index since the beginning of 2016.
The report also includes:
And it’s all yours, completely free. Sign up below.
