https://t.co/31ZmEI0BSv absorbing 31.4% of daily SOL inflation through buybacks. 2,258 SOL purchased per day on average since inception. $1b revenue in 15 months, no subsidies, no token incentives. weekly launch volume above 300k means the bid continues. below 200k and the structural support weakens. track it on-chain. ...

ETH did 80-90% buybacks for ~2.5 years from August '21 onwardsWas that a great 'business' move?Probably notMost likely would have been better to accumulate the money in a treasury & re-invest for growthBut that's again counter to what a commodity money would do ...

Core Insights - AppLovin (APP) is currently valued as a premium, cash-rich growth platform, with the sustainability of this premium dependent on execution and profitability [1] - The valuation raises questions about the margin for error, particularly as the company balances growth investments, buybacks, and margin stability heading into 2026 [1] Valuation Comparison - APP trades at 26.43x forward 12-month earnings, higher than its Zacks sub-industry (22.25x), sector (17.53x), and the S&P 500 (21.24x), indicating a premium for expected earnings [2] - The forward price-to-sales ratio for APP is 17.32x, significantly above the sub-industry (2.44x), sector (3.33x), and S&P 500 (4.89x) [3] - On a trailing price-to-book basis, APP stands at 69.72x compared to 4.22x for the sub-industry, 5.07x for the sector, and 7.76x for the S&P 500, suggesting the market views APP as an outlier in terms of profitability and growth potential [3] Historical Context - Over the past five years, APP's forward earnings multiple has had a median of 41.21x, with the current 26.43x being below this median, indicating that the forward earnings valuation is not excessively high compared to historical levels [4] - However, the current price-to-sales ratio of 17.32x is well above the five-year median of 6.1x, and the price-to-book ratio of 69.72x is significantly higher than the five-year median of 14.53x, highlighting a disparity in valuation metrics [5] Cash Flow and Buybacks - APP generated approximately $1.31 billion in free cash flow in Q4 2025, which supports its capacity for stock buybacks [7] - In 2025, the company repurchased $2.6 billion of its stock, ending the year with about $3.3 billion remaining under its buyback authorization [8] - The ability to repurchase shares can enhance per-share earnings, even if overall growth rates moderate, making the premium valuation more justifiable [9] Balance Sheet and Capital Allocation - As of year-end 2025, APP held around $2.5 billion in cash and had approximately $3.5 billion in long-term debt, providing some flexibility but also necessitating disciplined capital allocation [12] - Management prioritizes organic growth and talent investment while using buybacks as the main form of capital return, with no dividends or explicit leverage targets [13] Margin Guidance - Management's guidance for Q1 2026 indicates an adjusted EBITDA margin of about 84%, consistent with Q4 levels, which is crucial for maintaining valuation support [14] - A disciplined approach to performance marketing is emphasized, with a day-30 lifetime value to customer acquisition cost ratio of approximately 1.0, which could help protect margins as spending increases [15] Catalysts and Triggers - Potential upside catalysts include sustained growth momentum, improvements in product and marketplace performance, and increased advertiser diversity [16] - Downside triggers are more execution-driven, with risks related to seasonality, onboarding friction in e-commerce, and the lack of annual guidance potentially increasing volatility [17] Investor Monitoring Checklist - Investors should focus on near-term execution, particularly Q1 results against guided revenue and EBITDA ranges, and the maintenance of margin profiles [19] - Monitoring product timelines and capital allocation, including the pace of buybacks relative to cash generation, is essential for assessing the sustainability of the premium valuation [20]

RT The Order Book (@OrderBookShow)Tradermayne On Why $HYPE Could Be One Of The Very Few Coins With Real Staying Power Cycle After Cycle."The fact that they're using more than ninety percent of their revenue to buy back tokens, the fact that the Hyperliquid fund is up tens of millions of dollars on their own Hype buybacks, all of these things bode very well for this being one of the very few coins that could potentially have staying power cycle after cycle." ...

PresentationGreat. Thank you, everybody, for coming to this session with BBVA. I'm delighted to welcome one more year, Luisa Gomez Bravo, CFO of the -- of BBVA. Thanks for coming one more year, Luisa.Thank you, Alvaro, for having me.As usual, we're going to start with a polling question to set the scene.Alvaro de TejadaMorgan Stanley, Research Division It's not oil related. What's the primary catalyst of BBVA stock to outperform over the next 12 months? #1, further buybacks on top of the EUR 4 billion annou ...

HYPE tokenomics are underpriced. each HIP-3 market deployment locks 500k tokens permanently. oil hit $5b volume in 72 hours, hyperliquid now generates 70% of all DeFi perps revenue. that revenue goes to buybacks. more deployers stake more markets more supply locked. the loop compounds before fees normalize. ...

Core Insights - The midstream and MLP sector experienced strong buyback activity in 4Q25, with a record total of $4.55 billion in repurchases for the year, surpassing the previous record of $4.5 billion set in 2022 [1] - Cheniere Energy led the buyback efforts, spending over $1 billion in both 4Q25 and 3Q25, contributing significantly to the overall repurchase totals [1] - The outlook for continued buybacks remains positive, supported by Cheniere's increased buyback authorization and ongoing free cash flow generation in the sector [1] Buyback Activity - In 4Q25, eight constituents of the Alerian Midstream Energy Index (AMNA) repurchased a total of $1.31 billion in equity, down from $1.59 billion in 3Q25, which was the highest buyback quarter ever for AMNA [1] - Throughout 2025, ten companies repurchased a combined $4.55 billion, marking a 20% increase from the $3.76 billion repurchased in 2024 [1] - Cheniere's buybacks accounted for approximately 60% of the total repurchase spend in 2025, compared to 30% in 2022 [1] Company-Specific Actions - Cheniere Energy's total repurchases for 2025 reached $2.69 billion, with the Board approving an additional $9 billion in buyback authorization, bringing the total to over $10 billion through 2030 [1] - MPLX and Enterprise Products Partners repurchased $100 million and $50 million in common units during 4Q25, respectively [1] - Looking ahead, Enterprise Products Partners anticipates around $1 billion in discretionary free cash flow for 2026, planning to allocate 55-60% towards buybacks [1] Future Outlook - Hess Midstream announced a $60 million repurchase plan for the first quarter of 2026, which includes shares from its sponsor, Chevron [1] - The overall sentiment in the midstream sector indicates a preference for buybacks alongside dividend growth as a means of returning cash to shareholders [1]

Core Viewpoint - The article suggests that Copart (CPRT) is likely to resume its share buyback program due to favorable valuation and a growing cash reserve [1]. Group 1: Company Analysis - Copart's valuation was considered attractive in September of the previous year, indicating a potential for share buybacks [1]. - The company has been accumulating cash, which supports the case for initiating buybacks [1]. Group 2: Investment Perspective - The author expresses a long position in Copart shares, indicating confidence in the company's future performance [2]. - The article reflects a personal opinion on the investment potential of Copart, emphasizing the importance of buybacks in enhancing shareholder value [1].

USDsui launched 3 days ago with a mechanic nobody's pricing in. t-bill yield from $100m+ backing splits between SUI buybacks and defi incentives. treasury generates a permanent bid regardless of market direction. 12 protocols integrated at launch offering 10-21% APR on stablecoin pairs. that's subsidized yield to bootstrap liquidity before rates normalize. the buyback loop is the interesting part. every dollar of USDsui adoption creates automatic SUI demand at the protocol level. ...

$NVDA $PLTR $TSLA Actual cash Stock-Based Compensation costs are much higher than GAAP SBC expense. This is not because the employees' shares went up in value. The shares were not yet in employees' hands.The grants of RSUs are made with the expectation of appreciation in value, but nearly all potential upside is funded by shareholders directly through future dilution or future massive buybacks to nowhere. Companies benefit by offloading nearly all that upside from the income statement, but it shows up large ...